3Chopt Investment Partners LLC Invests $393,000 in Smurfit Westrock PLC (NYSE:SW)

3Chopt Investment Partners LLC bought a new position in Smurfit Westrock PLC (NYSE:SW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,732 shares of the company's stock, valued at approximately $393,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in Smurfit Westrock during the fourth quarter valued at approximately $30,000. Versant Capital Management Inc boosted its holdings in shares of Smurfit Westrock by 54.0% during the first quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after purchasing an additional 273 shares during the period. Principal Securities Inc. boosted its holdings in Smurfit Westrock by 49.1% in the fourth quarter. Principal Securities Inc. now owns 695 shares of the company's stock valued at $37,000 after acquiring an additional 229 shares in the last quarter. Huntington National Bank purchased a new stake in Smurfit Westrock in the fourth quarter worth about $50,000. Finally, Curat Global LLC bought a new stake in shares of Smurfit Westrock during the first quarter valued at approximately $54,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SW shares. Wells Fargo & Company dropped their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada cut their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Barclays dropped their target price on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley reduced their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Truist Financial decreased their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and an average target price of $58.50.

Insider Activity

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the acquisition, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. The trade was a 38.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

Shares of SW stock traded down $0.11 during mid-day trading on Monday, reaching $42.95. 321,923 shares of the company's stock traded hands, compared to its average volume of 4,524,986. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.43. The firm has a market capitalization of $22.42 billion, a PE ratio of 35.22 and a beta of 1.04. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99. The firm has a 50 day moving average price of $43.08 and a two-hundred day moving average price of $47.34.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The company's revenue for the quarter was up 161.3% compared to the same quarter last year. On average, research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th were given a dividend of $0.4308 per share. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio is currently 140.98%.

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.