Canal Capital Management LLC Makes New $1.41 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

Canal Capital Management LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,582 shares of the company’s stock, valued at approximately $1,412,000.

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

Smurfit Westrock Trading Up 0.7 %

SW opened at $46.16 on Friday. The firm has a market capitalization of $23.97 billion, a P/E ratio of 50.40 and a beta of 1.05. The firm’s 50-day moving average is $46.00. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $50.60.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $52.00 price objective on shares of Smurfit Westrock in a research note on Monday, July 29th. Morgan Stanley began coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 target price for the company. Redburn Atlantic began coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Smurfit Westrock in a research note on Wednesday. They set a “buy” rating and a $57.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.57.

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.