Smurfit Westrock Ltd (NYSE:SW) Shares Purchased by Boston Common Asset Management LLC

Boston Common Asset Management LLC increased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 392,635 shares of the company's stock after purchasing an additional 18,665 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.08% of Smurfit Westrock worth $17,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in shares of Smurfit Westrock by 8.9% in the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock valued at $124,000 after purchasing an additional 188 shares during the period. Bessemer Group Inc. grew its holdings in Smurfit Westrock by 3.0% in the fourth quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock valued at $364,000 after purchasing an additional 197 shares during the last quarter. Assetmark Inc. grew its holdings in Smurfit Westrock by 16.6% in the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after purchasing an additional 198 shares during the last quarter. Stephens Inc. AR grew its holdings in Smurfit Westrock by 3.7% in the fourth quarter. Stephens Inc. AR now owns 5,616 shares of the company's stock valued at $302,000 after purchasing an additional 199 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Smurfit Westrock by 1.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock valued at $855,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Insider Activity at Smurfit Westrock

In related news, Director Irial Finan bought 15,180 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the acquisition, the director now owns 54,893 shares in the company, valued at $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Down 1.4%

Shares of Smurfit Westrock stock traded down $0.63 during trading hours on Friday, reaching $43.28. The stock had a trading volume of 5,468,171 shares, compared to its average volume of 4,597,364. The firm has a 50 day simple moving average of $42.80 and a two-hundred day simple moving average of $49.00. The firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 78.69 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. 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 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The business 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 6.16% and a net margin of 0.63%. The firm's revenue was up 161.3% on a year-over-year basis. As a group, equities research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be issued a dividend of $0.4308 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's payout ratio is currently 140.98%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SW shares. Barclays decreased their price objective on 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 decreased their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada decreased 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. Wells Fargo & Company reduced their target price 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. Finally, Truist Financial reduced their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average price target of $58.20.

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.