Focus Partners Wealth Buys New Shares in Smurfit Westrock Ltd (NYSE:SW)

Focus Partners Wealth bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,496 shares of the company's stock, valued at approximately $511,000.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in Smurfit Westrock in the 4th quarter valued at $1,300,041,000. Boston Partners acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at about $304,377,000. Victory Capital Management Inc. lifted its stake in shares of Smurfit Westrock by 4,456.7% in the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock worth $295,750,000 after buying an additional 5,370,587 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Smurfit Westrock during the third quarter worth about $221,026,000. Finally, FIL Ltd boosted its position in Smurfit Westrock by 68.2% during the fourth quarter. FIL Ltd now owns 10,962,433 shares of the company's stock worth $590,853,000 after acquiring an additional 4,444,704 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

Analyst Ratings Changes

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

Smurfit Westrock Trading Down 1.6%

Shares of Smurfit Westrock stock traded down $0.70 during trading hours on Monday, hitting $43.78. The company's stock had a trading volume of 2,015,661 shares, compared to its average volume of 4,616,854. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 79.60 and a beta of 1.00. 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 Ltd has a twelve month low of $37.01 and a twelve month high of $56.99. The firm has a fifty day moving average of $42.91 and a 200-day moving average of $49.18.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its 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. The company had revenue of $7.66 billion for 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%. The business's revenue was up 161.3% compared to the same quarter last year. Research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

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

Insider Buying and Selling

In other news, Director Irial Finan acquired 15,180 shares of the business's stock in a transaction that occurred on 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 acquisition, the director now owns 54,893 shares of the company's stock, valued at $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

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.