Rhumbline Advisers Boosts Stake in Smurfit Westrock Ltd (NYSE:SW)

Rhumbline Advisers lifted its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 918,099 shares of the company's stock after buying an additional 49,666 shares during the period. Rhumbline Advisers owned about 0.18% of Smurfit Westrock worth $41,369,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators bought a new position in Smurfit Westrock during the 4th quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. bought a new position in Smurfit Westrock during the 4th quarter valued at about $30,000. Versant Capital Management Inc grew its holdings in Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock valued at $35,000 after purchasing an additional 273 shares during the last quarter. Spire Wealth Management bought a new position in Smurfit Westrock during the 4th quarter valued at about $36,000. Finally, Principal Securities Inc. grew its holdings in Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock valued at $37,000 after purchasing an additional 229 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

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 that occurred on Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the transaction, the director now directly owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. The trade was a 38.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Up 0.7%

Shares of NYSE SW traded up $0.29 during midday trading on Friday, reaching $43.36. 1,561,446 shares of the company's stock traded hands, compared to its average volume of 4,552,353. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 78.84 and a beta of 1.04. The stock's 50 day simple moving average is $42.58 and its 200-day simple moving average is $48.69. 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 Ltd has a one year low of $37.01 and a one year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.41 billion. The business's revenue for the quarter was up 161.3% compared to the same quarter last year. On average, analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently declared 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 dividend yield of 3.7%. The ex-dividend date is Friday, May 16th. Smurfit Westrock's payout ratio is 140.98%.

Analyst Ratings Changes

Several equities analysts recently commented on SW shares. Morgan Stanley cut their price target 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. Truist Financial cut their price target 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. Wells Fargo & Company cut their price target 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. Barclays dropped 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. Finally, Royal Bank of Canada dropped their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.20.

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.