AustralianSuper Pty Ltd Purchases 19,268 Shares of Smurfit Westrock PLC $SW

AustralianSuper Pty Ltd raised its position in Smurfit Westrock PLC (NYSE:SW) by 61.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,602 shares of the company’s stock after buying an additional 19,268 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Smurfit Westrock were worth $2,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock in the second quarter valued at approximately $29,000. Root Financial Partners LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter valued at $33,000. Rexford Capital Inc. bought a new position in shares of Smurfit Westrock in the 2nd quarter valued at $35,000. Whipplewood Advisors LLC raised its holdings in shares of Smurfit Westrock by 50.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after buying an additional 342 shares in the last quarter. Finally, Groupe la Francaise bought a new stake in shares of Smurfit Westrock during the 2nd quarter worth $51,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $41.60 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.48. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $55.54. The firm has a market cap of $21.72 billion, a PE ratio of 29.09 and a beta of 1.09. The firm’s fifty day moving average is $39.17 and its 200-day moving average is $41.37.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The company had revenue of $8 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on SW. Morgan Stanley reissued an “overweight” rating on shares of Smurfit Westrock in a research note on Thursday, January 8th. Citigroup decreased their price target on shares of Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Barclays dropped their price objective on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Argus decreased their target price on shares of Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Finally, Wells Fargo & Company dropped their price target on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, January 6th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.60.

About Smurfit Westrock

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.