Exane Asset Management Has $14.70 Million Stock Holdings in Smurfit Westrock PLC $SW

Exane Asset Management grew its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 35.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 345,393 shares of the company’s stock after buying an additional 90,233 shares during the period. Smurfit Westrock makes up 5.3% of Exane Asset Management’s investment portfolio, making the stock its 7th largest holding. Exane Asset Management owned about 0.07% of Smurfit Westrock worth $14,703,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SW. AQR Capital Management LLC lifted its position in shares of Smurfit Westrock by 90.5% during the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after acquiring an additional 6,378 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Smurfit Westrock by 6.7% during the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after purchasing an additional 346 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Smurfit Westrock by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after purchasing an additional 2,698 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Smurfit Westrock by 192.3% in the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock valued at $598,000 after buying an additional 8,726 shares during the period. Finally, Woodline Partners LP increased its position in Smurfit Westrock by 40.8% in the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after buying an additional 12,096 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SW. Royal Bank Of Canada set a $51.00 price target on Smurfit Westrock in a report on Thursday, December 18th. JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. 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 note on Tuesday, January 6th. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.60.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $42.93 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a 50-day moving average of $38.65 and a 200-day moving average of $41.39. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $55.54. The company has a market cap of $22.42 billion, a P/E ratio of 30.02 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.89 billion. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS 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.