Adams Natural Resources Fund Inc. Purchases 42,000 Shares of Smurfit Westrock PLC (NYSE:SW)

Adams Natural Resources Fund Inc. increased its stake in Smurfit Westrock PLC (NYSE:SW - Free Report) by 101.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,300 shares of the company's stock after purchasing an additional 42,000 shares during the period. Adams Natural Resources Fund Inc.'s holdings in Smurfit Westrock were worth $3,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SW. University of Texas Texas AM Investment Management Co. acquired a new position in Smurfit Westrock during the fourth quarter worth $30,000. Versant Capital Management Inc lifted its position in Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after buying an additional 273 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock worth $37,000 after buying an additional 229 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Smurfit Westrock by 448.8% during the 4th quarter. First Horizon Advisors Inc. now owns 697 shares of the company's stock worth $38,000 after buying an additional 570 shares during the last quarter. Finally, Huntington National Bank bought a new position in shares of Smurfit Westrock in the 4th quarter valued at about $50,000. Institutional investors own 83.38% of the company's stock.

Analyst Ratings Changes

SW has been the topic of several analyst reports. Barclays dropped their target price on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and raised their target price for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Royal Bank Of Canada lowered their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Truist Financial cut their price target on shares of 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $58.50.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded down $0.91 during mid-day trading on Wednesday, reaching $42.59. 8,211,179 shares of the company were exchanged, compared to its average volume of 3,709,164. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The stock has a market capitalization of $22.23 billion, a P/E ratio of 34.91 and a beta of 1.04. The company's 50-day simple moving average is $42.98 and its 200-day simple moving average is $47.62. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The company's quarterly revenue was up 161.3% on a year-over-year basis. As a group, research analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

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

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the transaction, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.49% of the company's stock.

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.