Compagnie Lombard Odier SCmA Lowers Stock Position in Smurfit Westrock Ltd (NYSE:SW)

Compagnie Lombard Odier SCmA reduced its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 848,871 shares of the company's stock after selling 58,673 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.16% of Smurfit Westrock worth $38,250,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new position in Smurfit Westrock during the 4th quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in Smurfit Westrock during the fourth quarter valued at approximately $30,000. Principal Securities Inc. increased its holdings in 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 acquiring an additional 229 shares during the period. First Horizon Advisors Inc. lifted its stake in Smurfit Westrock by 448.8% in the 4th quarter. First Horizon Advisors Inc. now owns 697 shares of the company's stock worth $38,000 after purchasing an additional 570 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Smurfit Westrock by 54.0% in the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock valued at $35,000 after purchasing an additional 273 shares during the period. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Performance

NYSE SW traded down $0.39 during trading hours on Thursday, hitting $43.00. The company's stock had a trading volume of 2,557,824 shares, compared to its average volume of 4,513,817. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The company has a market cap of $22.45 billion, a P/E ratio of 78.18 and a beta of 1.04. The company's 50 day simple moving average is $42.59 and its two-hundred day simple moving average is $48.43. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Smurfit Westrock's revenue was up 161.3% compared to the same quarter last year. As a group, sell-side analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th will be paid a $0.4308 dividend. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is currently 140.98%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SW shares. Royal Bank of Canada reduced their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays lowered their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Truist Financial decreased their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company reduced their price target 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus price target of $58.20.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.49% of the company's stock.

About Smurfit Westrock

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.