Lansforsakringar Fondforvaltning AB publ Invests $8.97 Million in Smurfit Westrock Ltd (NYSE:SW)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 166,599 shares of the company's stock, valued at approximately $8,973,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Smurfit Westrock in the fourth quarter worth about $1,300,041,000. Nuveen Asset Management LLC lifted its position in shares of Smurfit Westrock by 51.6% during the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock valued at $1,115,996,000 after buying an additional 7,050,781 shares in the last quarter. Boston Partners purchased a new position in shares of Smurfit Westrock during the 4th quarter valued at about $304,377,000. Victory Capital Management Inc. raised its stake in Smurfit Westrock by 4,456.7% during the 4th quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock valued at $295,750,000 after purchasing an additional 5,370,587 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in Smurfit Westrock in the 3rd quarter worth approximately $221,026,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Irial Finan acquired 15,180 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was 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 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Shares of NYSE SW traded down $0.63 during midday trading on Friday, hitting $43.28. The stock had a trading volume of 5,468,171 shares, compared to its average volume of 4,597,362. The company has a market capitalization of $22.59 billion, a PE ratio of 78.69 and a beta of 1.00. The stock has a 50 day simple moving average of $42.80 and a 200-day simple moving average of $49.00. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The company's revenue for the quarter was up 161.3% on a year-over-year basis. On average, sell-side analysts expect that Smurfit Westrock Ltd will post 3.25 EPS 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of research reports. Barclays reduced their price objective on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their target price 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. Royal Bank of Canada decreased their price objective 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. Truist Financial decreased their target price 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, Morgan Stanley dropped their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus price target of $58.20.

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.