9,496 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Focus Partners Wealth

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

Other large investors also recently modified their holdings of the company. Ensign Peak Advisors Inc lifted its position in Smurfit Westrock by 12.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 146,650 shares of the company's stock valued at $7,899,000 after purchasing an additional 16,475 shares during the last quarter. Ethic Inc. bought a new stake in Smurfit Westrock in the 4th quarter valued at about $2,018,000. Fairview Capital Investment Management LLC bought a new stake in Smurfit Westrock in the 4th quarter valued at about $215,000. Fullcircle Wealth LLC acquired a new position in Smurfit Westrock during the 4th quarter valued at about $681,000. Finally, Cresset Asset Management LLC increased its stake in Smurfit Westrock by 129.2% during the 4th quarter. Cresset Asset Management LLC now owns 21,539 shares of the company's stock valued at $1,160,000 after buying an additional 12,142 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

NYSE:SW traded down $0.70 during trading hours on Friday, hitting $43.78. 2,015,661 shares of the company traded hands, compared to its average volume of 4,616,854. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 79.60 and a beta of 1.00. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99. The firm has a 50-day moving average of $42.95 and a 200 day moving average of $49.30. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $7.66 billion for the quarter, compared to analyst estimates 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 for the quarter was up 161.3% compared to the same quarter last year. On average, analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

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

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the 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 directly owns 54,893 shares of the company's stock, valued at $2,152,354.53. This represents a 38.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. The trade was a 8.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on SW shares. Barclays dropped their target price on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Truist Financial lowered their price objective 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. Morgan Stanley reduced their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. 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 research note on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.20.

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.