7,075 Shares in Smurfit Westrock PLC (NYSE:SW) Acquired by Chicago Capital LLC

Chicago Capital LLC purchased a new position in Smurfit Westrock PLC (NYSE:SW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,075 shares of the company's stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. US Bancorp DE boosted its stake in shares of Smurfit Westrock by 10.0% in the fourth quarter. US Bancorp DE now owns 17,602 shares of the company's stock worth $948,000 after acquiring an additional 1,601 shares during the period. NBC Securities Inc. boosted its stake in shares of Smurfit Westrock by 127,600.0% in the first quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock worth $57,000 after acquiring an additional 1,276 shares during the period. Geode Capital Management LLC boosted its stake in shares of Smurfit Westrock by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock worth $769,977,000 after acquiring an additional 1,594,939 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Smurfit Westrock by 45.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,151 shares of the company's stock worth $708,000 after acquiring an additional 4,115 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Smurfit Westrock by 79.0% in the fourth quarter. Jones Financial Companies Lllp now owns 7,869 shares of the company's stock worth $424,000 after acquiring an additional 3,473 shares during the period. Hedge funds and other institutional investors own 83.38% of the company's stock.

Insider Activity

In related news, Director Irial Finan acquired 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, with a total value of $595,207.80. Following the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Smurfit Westrock stock traded up $0.10 during midday trading on Friday, reaching $42.49. 11,210,123 shares of the stock traded hands, compared to its average volume of 4,524,726. The stock's fifty day moving average is $42.91 and its 200-day moving average is $47.78. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99. The stock has a market cap of $22.18 billion, a P/E ratio of 34.82 and a beta of 1.04. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The firm's revenue was up 161.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

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

Analysts Set New Price Targets

SW has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Royal Bank Of Canada dropped their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial dropped their price objective 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. Morgan Stanley dropped their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Barclays dropped their price target on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.50.

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.