Arnhold LLC Sells 36,027 Shares of Smurfit Westrock Ltd (NYSE:SW)

Arnhold LLC trimmed its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 374,051 shares of the company's stock after selling 36,027 shares during the quarter. Smurfit Westrock comprises 2.0% of Arnhold LLC's portfolio, making the stock its 16th largest position. Arnhold LLC owned approximately 0.07% of Smurfit Westrock worth $20,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SW. Retirement Wealth Solutions LLC acquired a new stake in Smurfit Westrock in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new stake in Smurfit Westrock in the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators acquired a new position in shares of Smurfit Westrock during the 4th quarter valued at $30,000. Finally, Spire Wealth Management acquired a new position in shares of Smurfit Westrock during the 4th quarter valued at $36,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SW has been the topic of a number of recent research reports. Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Truist Financial dropped their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley cut their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $57.00 price objective on Smurfit Westrock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and an average price target of $58.70.

Smurfit Westrock Stock Down 1.7 %

Shares of SW traded down $0.74 during trading hours on Wednesday, reaching $41.61. The company's stock had a trading volume of 2,150,959 shares, compared to its average volume of 4,715,261. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 75.66 and a beta of 1.00. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $44.60 and a two-hundred day moving average of $49.74.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued 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, research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a yield of 4.14%. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio is currently 312.73%.

Insider Buying and Selling

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

Smurfit Westrock 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.