Assenagon Asset Management S.A. Has $854,000 Stock Position in Smurfit Westrock Ltd (NYSE:SW)

Assenagon Asset Management S.A. reduced its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,865 shares of the company’s stock after selling 1,742 shares during the period. Assenagon Asset Management S.A.’s holdings in Smurfit Westrock were worth $854,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SW. Mather Group LLC. bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth $25,000. Versant Capital Management Inc bought a new position in shares of Smurfit Westrock in the fourth quarter worth about $27,000. CVA Family Office LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth about $26,000. ORG Wealth Partners LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at approximately $32,000. Finally, Waldron Private Wealth LLC bought a new position in Smurfit Westrock in the 3rd quarter worth approximately $35,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SW has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Morgan Stanley increased their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Argus started coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.70.

Smurfit Westrock Trading Up 1.4 %

NYSE SW opened at $56.03 on Friday. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year 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. The firm’s 50 day moving average is $53.93. The firm has a market capitalization of $29.14 billion, a P/E ratio of 311.29 and a beta of 1.03.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. On average, analysts predict that Smurfit Westrock Ltd will post 2.65 earnings per share for the current year.

Insider Activity at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the 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 in the company, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by insiders.

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.