Nisa Investment Advisors LLC Sells 6,145 Shares of Smurfit Westrock Ltd (NYSE:SW)

Nisa Investment Advisors LLC reduced its position in shares of Smurfit Westrock Ltd (NYSE:SWFree Report) by 56.0% in the fourth quarter, Holdings Channel reports. The fund owned 4,824 shares of the company’s stock after selling 6,145 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Smurfit Westrock were worth $260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp bought a new position in Smurfit Westrock during the third quarter valued at $967,582,000. Geode Capital Management LLC purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $627,244,000. FMR LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $431,653,000. Mizuho Securities USA LLC purchased a new position in Smurfit Westrock in the third quarter worth about $386,712,000. Finally, Soros Fund Management LLC purchased a new position in Smurfit Westrock in the third quarter worth about $340,848,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SW has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Barclays increased their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial started coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 price objective for the company. Citigroup increased their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.70.

Check Out Our Latest Stock Report on SW

Smurfit Westrock Stock Performance

Shares of NYSE:SW opened at $53.58 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The firm’s 50 day simple moving average is $53.99 and its 200-day simple moving average is $49.16. The firm has a market cap of $27.87 billion, a PE ratio of 297.66 and a beta of 1.03. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99.

Smurfit Westrock (NYSE:SWGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.23). The firm had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. During the same quarter in the prior year, the business posted $0.81 EPS. As a group, equities analysts predict that Smurfit Westrock Ltd will post 2.65 EPS for the current year.

Smurfit Westrock Company Profile

(Free Report)

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.

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Institutional Ownership by Quarter for Smurfit Westrock (NYSE:SW)

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