EDENTREE ASSET MANAGEMENT Ltd Sells 108,500 Shares of Smurfit Westrock Ltd (NYSE:SW)

EDENTREE ASSET MANAGEMENT Ltd lessened its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 81.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,000 shares of the company's stock after selling 108,500 shares during the period. EDENTREE ASSET MANAGEMENT Ltd's holdings in Smurfit Westrock were worth $1,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Smurfit Westrock by 1.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 507,336 shares of the company's stock worth $27,325,000 after buying an additional 6,508 shares during the period. Woodline Partners LP purchased a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $1,598,000. Zurich Insurance Group Ltd FI grew its stake in shares of Smurfit Westrock by 44.9% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 1,905,979 shares of the company's stock valued at $102,734,000 after purchasing an additional 590,895 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Smurfit Westrock by 109.9% in the 4th quarter. Vident Advisory LLC now owns 11,316 shares of the company's stock valued at $609,000 after purchasing an additional 5,925 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Smurfit Westrock by 44.0% in the fourth quarter. Royal Bank of Canada now owns 1,067,691 shares of the company's stock valued at $57,505,000 after buying an additional 326,437 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction on Tuesday, May 6th. The shares were purchased 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 in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Trading Up 1.9%

SW stock traded up $0.81 during midday trading on Tuesday, hitting $44.55. 1,147,690 shares of the company's stock were exchanged, compared to its average volume of 4,601,458. The company has a market cap of $23.26 billion, a PE ratio of 81.00 and a beta of 1.00. The stock's fifty day moving average price is $42.91 and its 200-day moving average price is $49.18. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock's revenue for the quarter was up 161.3% on a year-over-year basis. Research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

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

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.