Flossbach Von Storch SE Sells 21,175 Shares of Smurfit Westrock PLC $SW

Flossbach Von Storch SE cut its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,260 shares of the company’s stock after selling 21,175 shares during the quarter. Flossbach Von Storch SE’s holdings in Smurfit Westrock were worth $8,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. boosted its position in Smurfit Westrock by 113.3% in the third 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 bought a new position in shares of Smurfit Westrock in the 2nd quarter valued at $29,000. Root Financial Partners LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $33,000. Rexford Capital Inc. acquired a new stake in shares of Smurfit Westrock during the 2nd quarter valued at $35,000. Finally, Whipplewood Advisors LLC grew its position in 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 acquiring an additional 342 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Trading Down 1.3%

SW opened at $42.39 on Thursday. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $55.54. The company has a fifty day moving average of $38.82 and a 200-day moving average of $41.40. The stock has a market cap of $22.13 billion, a PE ratio of 29.64 and a beta of 1.09. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The firm had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SW shares. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Truist Financial dropped their price objective on shares of Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Morgan Stanley reissued an “overweight” rating on shares of Smurfit Westrock in a report 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 for the company in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada set a $51.00 price target on shares of Smurfit Westrock in a research note on Thursday, December 18th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.60.

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.