Cromwell Holdings LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 847 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mather Group LLC. acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $25,000. CVA Family Office LLC purchased a new position in shares of Smurfit Westrock during the 3rd quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $32,000. Waldron Private Wealth LLC purchased a new stake in Smurfit Westrock in the 3rd quarter worth $35,000. Finally, Armstrong Advisory Group Inc. acquired a new position in Smurfit Westrock during the third quarter worth $45,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $52.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, July 31st. Morgan Stanley initiated coverage on Smurfit Westrock in a research report on Friday, July 19th. They issued an “overweight” rating and a $60.00 target price on the stock. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday. They set a “buy” rating and a $57.00 price target for the company. Finally, Jefferies Financial Group restated a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus target price of $56.57.

Smurfit Westrock Price Performance

NYSE SW opened at $45.83 on Friday. The stock’s fifty day moving average is $46.06. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 38.51 and a beta of 1.05. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $50.60.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06). Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $7.91 billion. On average, equities research analysts predict that Smurfit Westrock Ltd will post 2.6 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.