AE Wealth Management LLC Buys 21,789 Shares of Smurfit Westrock PLC $SW

AE Wealth Management LLC raised its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 338,848 shares of the company’s stock after purchasing an additional 21,789 shares during the period. AE Wealth Management LLC’s holdings in Smurfit Westrock were worth $14,425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SW. TD Waterhouse Canada Inc. lifted its position in shares of Smurfit Westrock by 113.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after buying an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $33,000. Rexford Capital Inc. purchased a new position in Smurfit Westrock during the second quarter valued at approximately $35,000. Finally, Whipplewood Advisors LLC lifted its holdings in Smurfit Westrock by 50.0% during the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after purchasing an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

SW has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Argus cut their price target on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Citigroup decreased their price target on Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Barclays lowered their price objective on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Smurfit Westrock in a research report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus target price of $51.60.

Smurfit Westrock Price Performance

NYSE:SW opened at $42.13 on Friday. The business’s 50-day moving average is $39.01 and its 200 day moving average is $41.41. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $55.54. The company has a market capitalization of $22.00 billion, a P/E ratio of 29.46 and a beta of 1.09. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.10). The firm had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.89 billion. Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The business’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Company 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.