Smurfit Westrock Ltd (NYSE:SW) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 13.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,473,270 shares of the company's stock after purchasing an additional 173,975 shares during the period. Mackenzie Financial Corp owned about 0.28% of Smurfit Westrock worth $79,350,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Smurfit Westrock

In other news, Director Irial Finan bought 15,180 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

NYSE SW traded up $0.41 during trading hours on Thursday, reaching $43.92. The company's stock had a trading volume of 2,226,005 shares, compared to its average volume of 4,593,491. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 79.86 and a beta of 1.00. The company's 50-day moving average is $42.87 and its two-hundred day moving average is $49.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock's revenue for the quarter was up 161.3% compared to the same quarter last year. On average, equities analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial lowered their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company reduced 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 report on Tuesday, April 8th. Barclays lowered their price target 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. Finally, Royal Bank of Canada reduced 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.20.

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.