Smurfit Westrock Ltd (NYSE:SW) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,067,691 shares of the company's stock after acquiring an additional 326,437 shares during the period. Royal Bank of Canada owned 0.21% of Smurfit Westrock worth $57,505,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SW. Vanguard Group Inc. grew its holdings in shares of Smurfit Westrock by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock valued at $4,249,613,000 after purchasing an additional 820,362 shares during the period. Norges Bank acquired a new position in Smurfit Westrock in the 4th quarter valued at about $1,300,041,000. Nuveen Asset Management LLC boosted its holdings in Smurfit Westrock by 51.6% in 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 purchasing an additional 7,050,781 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Smurfit Westrock by 1.8% in the 4th quarter. Capital Research Global Investors now owns 18,439,852 shares of the company's stock valued at $993,170,000 after buying an additional 318,806 shares during the period. 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 worth $769,977,000 after buying an additional 1,594,939 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Stock Down 1.6%

Shares of SW traded down $0.70 during mid-day trading on Monday, hitting $43.78. 2,015,661 shares of the company's stock were exchanged, compared to its average volume of 4,616,854. The stock's 50-day moving average is $42.95 and its 200-day moving average is $49.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company has a market cap of $22.85 billion, a price-to-earnings ratio of 79.60 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. The firm's revenue was up 161.3% on a year-over-year basis. On average, sell-side analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be issued 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 dividend payout ratio (DPR) is presently 140.98%.

Analyst Ratings Changes

A number of research analysts recently commented on SW shares. Truist Financial decreased their price objective on 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 lowered their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays decreased 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 report on Tuesday, May 13th. Finally, Morgan Stanley dropped their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.20.

Insider Buying and Selling

In other news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

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.