MassMutual Private Wealth & Trust FSB Buys 279 Shares of Smurfit Westrock Ltd (NYSE:SW)

MassMutual Private Wealth & Trust FSB boosted its stake in Smurfit Westrock Ltd (NYSE:SWFree Report) by 117.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 516 shares of the company’s stock after acquiring an additional 279 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Smurfit Westrock were worth $28,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Management Group Inc. acquired a new stake in Smurfit Westrock in the third quarter valued at $9,405,000. Intech Investment Management LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $597,000. Moors & Cabot Inc. bought a new position in Smurfit Westrock during the third quarter worth $520,000. Citigroup Inc. acquired a new position in shares of Smurfit Westrock in the third quarter valued at $77,207,000. Finally, Nordea Investment Management AB raised its position in shares of Smurfit Westrock by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company’s stock valued at $272,049,000 after purchasing an additional 500,699 shares during the period. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the sale, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SW has been the topic of a number of research reports. Argus began coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. Barclays upped their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, Truist Financial initiated coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 target price for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

View Our Latest Report on Smurfit Westrock

Smurfit Westrock Price Performance

NYSE SW opened at $56.03 on Friday. The business’s fifty day simple moving average is $53.93. The company has a market capitalization of $29.14 billion, a PE ratio of 311.29 and a beta of 1.03. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SWGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.23). The business had revenue of $7.67 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $0.81 earnings per share. As a group, sell-side analysts expect that Smurfit Westrock Ltd will post 2.65 earnings per share 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.

See Also

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

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