Wesbanco Bank Inc. Purchases New Shares in Smurfit Westrock Ltd (NYSE:SW)

Wesbanco Bank Inc. purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,764 shares of the company’s stock, valued at approximately $418,000.

Several other hedge funds also recently made changes to their positions in SW. State Street Corp bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $967,582,000. Geode Capital Management LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $627,244,000. FMR LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $431,653,000. Mizuho Securities USA LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $340,848,000. 83.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm’s 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 $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SW. Argus began coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price on the stock. Wells Fargo & Company dropped their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Citigroup boosted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley boosted their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Smurfit Westrock Stock Performance

NYSE:SW opened at $56.03 on Friday. The firm’s 50-day moving average is $53.93. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week 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 company has a market capitalization of $29.14 billion, a price-to-earnings 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 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 business 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 company earned $0.81 EPS. Equities analysts forecast that Smurfit Westrock Ltd will post 2.65 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.