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

Czech National Bank grew its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 6.0% during the first quarter, according to 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 quarter. Czech National Bank's holdings in Smurfit Westrock were worth $5,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SW. Legacy Wealth Asset Management LLC purchased a new position in Smurfit Westrock during the 1st quarter worth $599,000. Rhumbline Advisers grew its stake in Smurfit Westrock by 5.7% during the 1st quarter. Rhumbline Advisers now owns 918,099 shares of the company's stock worth $41,369,000 after buying an additional 49,666 shares during the last quarter. GAMMA Investing LLC grew its stake in Smurfit Westrock by 3,720.2% during the 1st quarter. GAMMA Investing LLC now owns 258,014 shares of the company's stock worth $11,626,000 after buying an additional 251,260 shares during the last quarter. Moody National Bank Trust Division grew its stake in Smurfit Westrock by 7.5% during the 1st quarter. Moody National Bank Trust Division now owns 14,746 shares of the company's stock worth $664,000 after buying an additional 1,028 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after buying an additional 273 shares during the last quarter. 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 analyst reports. Royal Bank of Canada dropped their target price 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. 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 note on Tuesday, March 11th. Wells Fargo & Company dropped 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. Truist Financial dropped their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays dropped their price target 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.20.

Smurfit Westrock Stock Performance

Shares of SW stock traded up $0.29 on Friday, hitting $43.36. The company had a trading volume of 1,561,446 shares, compared to its average volume of 4,552,353. The firm has a market cap of $22.63 billion, a P/E ratio of 78.84 and a beta of 1.04. The company has a 50-day moving average price of $42.58 and a 200-day moving average price of $48.69. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued 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 analysts' expectations of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The company's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, equities research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

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

Insider Activity

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of Smurfit Westrock stock in a transaction that occurred on 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 acquisition, 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company's stock.

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.