GAMMA Investing LLC Grows Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

GAMMA Investing LLC raised its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 3,720.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,014 shares of the company's stock after acquiring an additional 251,260 shares during the quarter. GAMMA Investing LLC's holdings in Smurfit Westrock were worth $11,626,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Moody National Bank Trust Division grew its position in shares of Smurfit Westrock by 7.5% in the first quarter. Moody National Bank Trust Division now owns 14,746 shares of the company's stock valued at $664,000 after purchasing an additional 1,028 shares during the last quarter. Versant Capital Management Inc boosted its stake in Smurfit Westrock by 54.0% in the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock valued at $35,000 after purchasing an additional 273 shares during the period. First Hawaiian Bank grew its holdings in Smurfit Westrock by 7.4% in the 1st quarter. First Hawaiian Bank now owns 18,661 shares of the company's stock valued at $841,000 after buying an additional 1,287 shares in the last quarter. Boston Common Asset Management LLC boosted its position in shares of Smurfit Westrock by 5.0% in the first quarter. Boston Common Asset Management LLC now owns 392,635 shares of the company's stock valued at $17,692,000 after acquiring an additional 18,665 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Smurfit Westrock by 156.1% during the 4th quarter. Wellington Management Group LLP now owns 700,036 shares of the company's stock worth $37,749,000 after purchasing an additional 426,723 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SW has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company cut their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Barclays reduced their price objective 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. Finally, Truist Financial decreased their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.20.

Insider Buying and Selling at Smurfit Westrock

In related news, Director Irial Finan bought 15,180 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $39.21 per share, with a total value of $595,207.80. Following the completion of the purchase, the director now directly 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 filing with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Down 0.4%

Shares of NYSE:SW traded down $0.19 during mid-day trading on Tuesday, hitting $43.80. The company had a trading volume of 2,011,671 shares, compared to its average volume of 4,533,260. The firm has a fifty day moving average price of $42.52 and a 200 day moving average price of $48.50. 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 current ratio of 1.37 and a quick ratio of 0.89. The company has a market capitalization of $22.86 billion, a PE ratio of 79.63 and a beta of 1.04.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The business 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 firm's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current 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 paid a $0.4308 dividend. The ex-dividend date is Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio is 140.98%.

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.