Man Group plc lifted its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 31.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,030 shares of the company's stock after purchasing an additional 42,108 shares during the quarter. Man Group plc's holdings in Smurfit Westrock were worth $9,427,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Alpha Omega Wealth Management LLC bought a new stake in shares of Smurfit Westrock in the fourth quarter worth about $5,252,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Smurfit Westrock by 29.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock worth $2,309,000 after purchasing an additional 9,581 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Smurfit Westrock in the third quarter worth about $221,026,000. US Bancorp DE increased its holdings in shares of Smurfit Westrock by 10.0% in the fourth quarter. US Bancorp DE now owns 17,602 shares of the company's stock worth $948,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in shares of Smurfit Westrock in the fourth quarter worth about $418,000. 83.38% of the stock is owned by institutional investors.
Insider Transactions at Smurfit Westrock
In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the sale, the insider now directly owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This represents a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Irial Finan purchased 15,180 shares of the stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares of the company's stock, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.
Smurfit Westrock Stock Down 0.0%
Shares of NYSE:SW opened at $46.62 on Monday. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. The business has a 50 day simple moving average of $42.89 and a two-hundred day simple moving average of $49.50. The firm has a market capitalization of $24.34 billion, a PE ratio of 84.77 and a beta of 1.00. 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 (NYSE:SW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 6.16% and a net margin of 0.63%. The company's revenue 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 Announces Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th will be given a dividend of $0.4308 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, May 16th. Smurfit Westrock's payout ratio is presently 140.98%.
Analysts Set New Price Targets
Several research analysts recently commented on the company. 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 report on Friday, May 2nd. Truist Financial dropped 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 dropped their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Wells Fargo & Company dropped their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays reduced their target price 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.20.
Get Our Latest Analysis on SW
About Smurfit Westrock
(
Free Report)
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.
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