BIP Alliance LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

BIP Alliance LLC purchased a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,060 shares of the company's stock, valued at approximately $488,000.

Several other large investors have also modified their holdings of SW. Norges Bank purchased a new position in shares of Smurfit Westrock in the 4th quarter worth $1,300,041,000. Nuveen Asset Management LLC raised its holdings in shares of Smurfit Westrock by 51.6% in the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after purchasing an additional 7,050,781 shares during the period. Boston Partners purchased a new position in shares of Smurfit Westrock in the 4th quarter worth about $304,377,000. Victory Capital Management Inc. lifted its stake in shares of Smurfit Westrock by 4,456.7% in the 4th quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock valued at $295,750,000 after purchasing an additional 5,370,587 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Smurfit Westrock during the 3rd quarter worth about $221,026,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SW has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of 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 target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Truist Financial reduced their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays lowered their price target on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Finally, Royal Bank of Canada reduced their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $58.20.

Insider Buying and Selling at Smurfit Westrock

In related news, Director Irial Finan bought 15,180 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director now owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Down 1.0%

SW stock traded down $0.45 during trading on Wednesday, reaching $43.94. The stock had a trading volume of 1,228,260 shares, compared to its average volume of 4,596,097. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $42.88 and a 200 day moving average price of $49.15. The company has a market capitalization of $22.94 billion, a P/E ratio of 79.88 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.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results 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. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. The firm's revenue was up 161.3% on a year-over-year basis. On average, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th will be given a $0.4308 dividend. This represents a dividend yield of 3.7%. The ex-dividend date is Friday, May 16th. Smurfit Westrock's payout ratio is 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.