3,692 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC purchased a new position in Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,692 shares of the company’s stock, valued at approximately $199,000.

A number of other institutional investors also recently bought and sold shares of SW. State Street Corp bought a new stake in Smurfit Westrock in the third quarter worth $967,582,000. Geode Capital Management LLC bought a new stake in Smurfit Westrock in the third quarter worth $627,244,000. FMR LLC bought a new stake in Smurfit Westrock in the third quarter worth $431,653,000. Soros Fund Management LLC bought a new stake in Smurfit Westrock in the third quarter worth $340,848,000. Finally, Victory Capital Management Inc. lifted its position in Smurfit Westrock by 4,456.7% in the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company’s stock worth $295,750,000 after buying an additional 5,370,587 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction dated 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 owns 111,458 shares in the company, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock opened at $45.99 on Thursday. The firm has a market cap of $24.01 billion, a P/E ratio of 83.62 and a beta of 0.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The stock’s fifty day moving average price is $51.53 and its 200-day moving average price is $50.64.

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

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.75%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio (DPR) is currently 312.73%.

Analyst Ratings Changes

A number of analysts recently issued reports on SW shares. JPMorgan Chase & Co. raised their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. 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. Argus began coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 target price for the company. Truist Financial began coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price for the company. Finally, Morgan Stanley decreased their target price on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Company Profile

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.