SG Americas Securities LLC Has $6.64 Million Holdings in Smurfit Westrock Ltd (NYSE:SW)

SG Americas Securities LLC boosted its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 29.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,280 shares of the company's stock after buying an additional 33,765 shares during the period. SG Americas Securities LLC's holdings in Smurfit Westrock were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SW. Vanguard Group Inc. raised its stake in shares of Smurfit Westrock by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock worth $4,249,613,000 after purchasing an additional 820,362 shares in the last quarter. Norges Bank acquired a new position in shares of Smurfit Westrock during the 4th quarter valued at about $1,300,041,000. Nuveen Asset Management LLC increased its holdings 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 acquiring an additional 7,050,781 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Smurfit Westrock by 1.8% during the 4th quarter. Capital Research Global Investors now owns 18,439,852 shares of the company's stock valued at $993,170,000 after acquiring an additional 318,806 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Smurfit Westrock by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock valued at $769,977,000 after acquiring an additional 1,594,939 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on SW shares. Royal Bank of Canada lowered their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays reduced their price objective on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Morgan Stanley cut their target price 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 cut their target price 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, Truist Financial cut their target price 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Smurfit Westrock presently has an average rating of "Moderate Buy" and a consensus price target of $58.20.

Insider Transactions at Smurfit Westrock

In other news, Director Irial Finan bought 15,180 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought 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 legal filing with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Price Performance

SW traded down $1.05 during trading on Friday, hitting $41.95. The company's stock had a trading volume of 3,757,178 shares, compared to its average volume of 4,510,613. The firm's 50 day moving average price is $42.73 and its two-hundred day moving average price is $48.16. 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 12 month low of $37.01 and a 12 month high of $56.99. The stock has a market capitalization of $21.90 billion, a price-to-earnings ratio of 76.27 and a beta of 1.04.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. The company's revenue was up 161.3% on a year-over-year basis. Sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Shareholders 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 yield of 3.7%. Smurfit Westrock's payout ratio is 140.98%.

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.