ProShare Advisors LLC Purchases 7,103 Shares of Smurfit Westrock Ltd (NYSE:SW)

ProShare Advisors LLC lifted its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 84,226 shares of the company's stock after acquiring an additional 7,103 shares during the period. ProShare Advisors LLC's holdings in Smurfit Westrock were worth $4,536,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP boosted its position in shares of Smurfit Westrock by 17.2% during the 4th quarter. Quantinno Capital Management LP now owns 35,024 shares of the company's stock valued at $1,886,000 after purchasing an additional 5,141 shares in the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Smurfit Westrock during the 4th quarter valued at about $393,000. Man Group plc lifted its stake in Smurfit Westrock by 31.7% during the fourth quarter. Man Group plc now owns 175,030 shares of the company's stock valued at $9,427,000 after buying an additional 42,108 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Smurfit Westrock by 1.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 62,889 shares of the company's stock valued at $3,418,000 after buying an additional 807 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Smurfit Westrock during the fourth quarter valued at about $3,594,000. Institutional investors own 83.38% of the company's stock.

Analyst Upgrades and Downgrades

SW has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley dropped their target price on 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 dropped their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada dropped their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Barclays dropped their target price on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.20.

Insider Activity

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the transaction, the insider now directly owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. This trade represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Irial Finan acquired 15,180 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Down 1.6%

NYSE:SW traded down $0.70 during mid-day trading on Friday, reaching $43.78. The stock had a trading volume of 2,015,661 shares, compared to its average volume of 4,616,854. The stock has a market cap of $22.85 billion, a P/E ratio of 79.60 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. The business's 50 day moving average is $42.95 and its 200 day moving average is $49.24. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week 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, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business's revenue was up 161.3% compared to the same quarter last year. As a group, sell-side analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th will be given a $0.4308 dividend. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend 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.