Tredje AP fonden Has $17.23 Million Stock Position in Smurfit Westrock Ltd (NYSE:SW)

Tredje AP fonden decreased its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 319,824 shares of the company’s stock after selling 10,163 shares during the quarter. Tredje AP fonden owned about 0.06% of Smurfit Westrock worth $17,226,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Alpha Omega Wealth Management LLC acquired a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $5,252,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Smurfit Westrock by 29.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company’s stock worth $2,309,000 after acquiring an additional 9,581 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $597,000. Moors & Cabot Inc. acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $520,000. Finally, Citigroup Inc. acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $77,207,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the sale, the insider now directly owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the sale, the insider now owns 44,361 shares of the company’s stock, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Smurfit Westrock Stock Performance

NYSE:SW opened at $44.24 on Thursday. The stock has a fifty day moving average price of $52.32 and a 200-day moving average price of $50.72. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 80.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

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

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be given a dividend of $0.4308 per share. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock’s dividend payout ratio is currently 312.73%.

Analyst Ratings Changes

SW has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Argus initiated coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target for the company. Citigroup boosted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Morgan Stanley reduced their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Truist Financial initiated coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus price target of $60.70.

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.