Smurfit Westrock Ltd (NYSE:SW) Shares Bought by Czech National Bank

Czech National Bank raised its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,561 shares of the company's stock after acquiring an additional 6,419 shares during the period. Czech National Bank's holdings in Smurfit Westrock were worth $5,117,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new stake in Smurfit Westrock in the 4th quarter worth $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Smurfit Westrock in the fourth quarter valued at about $30,000. Versant Capital Management Inc lifted its position in Smurfit Westrock by 54.0% in the first quarter. Versant Capital Management Inc now owns 779 shares of the company's stock valued at $35,000 after buying an additional 273 shares during the last quarter. Spire Wealth Management acquired a new position in Smurfit Westrock in the fourth quarter valued at about $36,000. Finally, Principal Securities Inc. lifted its position in shares of Smurfit Westrock by 49.1% during the fourth quarter. Principal Securities Inc. now owns 695 shares of the company's stock worth $37,000 after purchasing an additional 229 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Smurfit Westrock

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

Smurfit Westrock Price Performance

Shares of NYSE SW traded up $0.46 during trading on Thursday, hitting $43.05. 2,197,053 shares of the company were exchanged, compared to its average volume of 4,565,349. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 78.27 and a beta of 1.04. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. The firm's fifty day moving average price is $42.66 and its 200 day moving average price is $48.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

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

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be given 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 is presently 140.98%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SW shares. Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Barclays dropped their price target on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Truist Financial cut their price target 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. Morgan Stanley dropped their price objective 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. Finally, Royal Bank of Canada reduced their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.20.

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.