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

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

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in Smurfit Westrock in the 3rd quarter valued at about $221,026,000. Spire Wealth Management acquired a new position in Smurfit Westrock in the 4th quarter valued at about $36,000. abrdn plc boosted its holdings in Smurfit Westrock by 31.1% in the 4th quarter. abrdn plc now owns 70,801 shares of the company's stock valued at $3,818,000 after purchasing an additional 16,790 shares during the last quarter. Mather Group LLC. boosted its holdings in Smurfit Westrock by 116.9% in the 4th quarter. Mather Group LLC. now owns 1,076 shares of the company's stock valued at $58,000 after purchasing an additional 580 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Smurfit Westrock by 29.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock valued at $2,309,000 after purchasing an additional 9,581 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Up 0.7%

SW traded up $0.29 during trading hours on Friday, hitting $43.36. 1,561,446 shares of the company's stock were exchanged, compared to its average volume of 4,552,353. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. The firm has a 50 day moving average of $42.58 and a 200 day moving average of $48.64. 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 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 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. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. The firm's revenue was up 161.3% on a year-over-year basis. Analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company 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 is Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's payout ratio is 140.98%.

Analysts Set New Price Targets

Several brokerages have recently commented on SW. Wells Fargo & Company decreased their price objective 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. Royal Bank of Canada decreased their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Truist Financial decreased their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Barclays decreased their price objective 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. Two investment 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $58.20.

Insider Activity

In related news, Director Irial Finan bought 15,180 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director now directly owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company's stock.

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.