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

Nisa Investment Advisors LLC cut its stake in Smurfit Westrock Ltd (NYSE:SW) by 56.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,824 shares of the company’s stock after selling 6,145 shares during the period. Nisa Investment Advisors LLC’s holdings in Smurfit Westrock were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB bought a new stake in Smurfit Westrock during the third quarter worth about $8,519,000. Czech National Bank bought a new stake in Smurfit Westrock in the 3rd quarter worth approximately $4,967,000. SG Americas Securities LLC purchased a new stake in Smurfit Westrock in the third quarter worth approximately $843,000. Park Avenue Securities LLC purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $561,000. Finally, GAMMA Investing LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at $249,000. Institutional investors own 83.38% of the company’s stock.

Insiders Place Their Bets

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock 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 transaction, the insider now directly owns 149,911 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup upped their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Morgan Stanley lifted their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Smurfit Westrock Stock Down 1.4 %

SW stock opened at $53.58 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The stock has a market capitalization of $27.87 billion, a P/E ratio of 297.66 and a beta of 1.03. The business has a fifty day moving average price of $53.99 and a 200-day moving average price of $49.16.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.23). Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the firm posted $0.81 EPS. Equities analysts forecast that Smurfit Westrock Ltd will post 2.65 earnings per share for the current fiscal year.

Smurfit Westrock Profile

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.