Bridgewater Associates LP Has $392,000 Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Bridgewater Associates LP decreased its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,269 shares of the company's stock after selling 73,327 shares during the period. Bridgewater Associates LP's holdings in Smurfit Westrock were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC bought a new position in Smurfit Westrock during the fourth quarter worth about $25,000. Versant Capital Management Inc bought a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after buying an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new position in Smurfit Westrock during the fourth quarter worth $30,000. Finally, Spire Wealth Management bought a new position in shares of Smurfit Westrock during the fourth quarter valued at $36,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SW has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday. Morgan Stanley lowered their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Citigroup increased 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. Royal Bank of Canada set a $57.00 price objective on Smurfit Westrock in a report on Tuesday. Finally, Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average price target of $58.70.

Insider Transactions at Smurfit Westrock

In related news, insider Ken Bowles sold 24,225 shares of the company's 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 transaction, the insider now directly 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 legal filing with the SEC, which is accessible through this link. Also, insider Alvaro Henao sold 4,000 shares of the 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 transaction, the insider now owns 44,361 shares in the company, valued at approximately $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 owned by company insiders.

Smurfit Westrock Stock Down 0.7 %

NYSE:SW traded down $0.28 during trading hours on Friday, reaching $42.17. 743,126 shares of the stock were exchanged, compared to its average volume of 4,740,564. The stock has a market cap of $22.01 billion, a PE ratio of 76.57 and a beta of 1.00. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99. The firm has a 50 day moving average of $45.35 and a 200 day moving average of $49.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) 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%. On average, equities analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were paid a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 4.09%. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

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.