Sowell Financial Services LLC Invests $490,000 in Smurfit Westrock PLC (NYSE:SW)

Sowell Financial Services LLC acquired a new position in Smurfit Westrock PLC (NYSE:SW - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,885 shares of the company's stock, valued at approximately $490,000.

A number of other large investors have also recently made changes to their positions in SW. US Bancorp DE boosted its stake in Smurfit Westrock by 10.0% during the fourth quarter. US Bancorp DE now owns 17,602 shares of the company's stock worth $948,000 after acquiring an additional 1,601 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Smurfit Westrock by 127,600.0% in the first quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock worth $57,000 after purchasing an additional 1,276 shares during the last quarter. Geode Capital Management LLC raised its position in Smurfit Westrock by 12.5% in 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. Envestnet Portfolio Solutions Inc. lifted its stake in Smurfit Westrock by 45.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,151 shares of the company's stock valued at $708,000 after acquiring an additional 4,115 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Smurfit Westrock by 79.0% during the 4th quarter. Jones Financial Companies Lllp now owns 7,869 shares of the company's stock valued at $424,000 after acquiring an additional 3,473 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SW has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial decreased their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and raised their price target for the stock from $44.00 to $55.00 in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.50.

Insiders Place Their Bets

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost 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 of the company's stock, valued at approximately $2,152,354.53. The trade was a 38.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

Smurfit Westrock stock traded up $0.10 during trading on Friday, reaching $42.49. The company had a trading volume of 11,210,123 shares, compared to its average volume of 4,524,725. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 34.82 and a beta of 1.04. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The firm's 50-day simple moving average is $42.88 and its 200 day simple moving average is $47.91. Smurfit Westrock PLC has a 52 week low of $37.01 and a 52 week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The company's revenue for the quarter was up 161.3% compared to the same quarter last year. Sell-side analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were issued a dividend of $0.4308 per share. This represents a yield of 3.7%. The ex-dividend date was Friday, May 16th. Smurfit Westrock's dividend payout ratio is currently 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.