Mackenzie Financial Corp Raises Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Mackenzie Financial Corp grew its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,473,270 shares of the company's stock after buying an additional 173,975 shares during the period. Mackenzie Financial Corp owned 0.28% of Smurfit Westrock worth $79,350,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Forum Financial Management LP boosted its holdings in shares of Smurfit Westrock by 61.9% in the 4th quarter. Forum Financial Management LP now owns 9,779 shares of the company's stock valued at $527,000 after buying an additional 3,738 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Smurfit Westrock in the 4th quarter worth approximately $30,000. BIP Alliance LLC acquired a new stake in Smurfit Westrock in the 4th quarter worth approximately $488,000. GTS Securities LLC acquired a new stake in Smurfit Westrock in the 4th quarter worth approximately $264,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Smurfit Westrock by 1.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 507,336 shares of the company's stock worth $27,325,000 after purchasing an additional 6,508 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Irial Finan purchased 15,180 shares of the stock in a transaction dated 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 transaction, the director now owns 54,893 shares in the company, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded down $1.17 during trading on Friday, hitting $42.74. 1,531,353 shares of the stock traded hands, compared to its average volume of 4,580,399. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $22.31 billion, a price-to-earnings ratio of 77.67 and a beta of 1.00. The company has a fifty day moving average price of $42.85 and a two-hundred day moving average price of $49.05. Smurfit Westrock Ltd has a 52-week low of $37.01 and a 52-week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted 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 firm had revenue of $7.66 billion during 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%. Smurfit Westrock's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, equities analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

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

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.