Atomi Financial Group Inc. Sells 776 Shares of Smurfit Westrock Ltd (NYSE:SW)

Atomi Financial Group Inc. cut its holdings in Smurfit Westrock Ltd (NYSE:SW) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,294 shares of the company’s stock after selling 776 shares during the period. Atomi Financial Group Inc.’s holdings in Smurfit Westrock were worth $231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. AMF Tjanstepension AB acquired a new stake in Smurfit Westrock during the third quarter worth about $8,519,000. Czech National Bank acquired a new stake in Smurfit Westrock during the third quarter worth about $4,967,000. SG Americas Securities LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $843,000. Park Avenue Securities LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $561,000. Finally, GAMMA Investing LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $249,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SW. Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Morgan Stanley lifted their price objective on 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 decreased their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Insider Buying and Selling

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Price Performance

SW stock opened at $54.85 on Tuesday. 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 stock has a 50 day moving average of $53.93. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The company has a market cap of $28.53 billion, a PE ratio of 304.76 and a beta of 1.03.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share 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 during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the firm earned $0.81 EPS. As a group, equities analysts expect that Smurfit Westrock Ltd will post 2.65 earnings per share for the current fiscal year.

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.