Ieq Capital LLC decreased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW – Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,578 shares of the company’s stock after selling 443 shares during the quarter. Ieq Capital LLC’s holdings in Smurfit Westrock were worth $408,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SW. Retirement Wealth Solutions LLC bought a new position in Smurfit Westrock in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc bought a new position in shares of Smurfit Westrock in the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the last quarter. Spire Wealth Management acquired a new position in Smurfit Westrock during the fourth quarter worth $36,000. Finally, Principal Securities Inc. raised its position in Smurfit Westrock by 49.1% during the fourth quarter. Principal Securities Inc. now owns 695 shares of the company’s stock worth $37,000 after acquiring an additional 229 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insider Activity at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the transaction, the insider now directly owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now directly owns 44,361 shares of the company’s stock, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,225 shares of company stock worth $2,920,429. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SW shares. Truist Financial initiated coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price objective for the company. Morgan Stanley boosted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Argus assumed coverage on Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 target price for the company. Finally, Barclays increased their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Get Our Latest Analysis on Smurfit Westrock

Smurfit Westrock Stock Down 3.3 %

SW stock opened at $51.77 on Friday. 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 debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The stock has a market capitalization of $26.95 billion, a price-to-earnings ratio of 94.13 and a beta of 1.02. The business’s fifty day moving average price is $53.61 and its two-hundred day moving average price is $50.40.

Smurfit Westrock (NYSE:SW – Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. On average, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock’s payout ratio is presently 312.73%.

Smurfit Westrock Profile

(Free Report)

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.

Featured Articles

Receive News & Ratings for Smurfit Westrock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Smurfit Westrock and related companies with MarketBeat.com’s FREE daily email newsletter.