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

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

Several other institutional investors have also recently added to or reduced their stakes in SW. Vanguard Group Inc. raised its position in shares of Smurfit Westrock by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock worth $4,249,613,000 after acquiring an additional 820,362 shares during the last quarter. Norges Bank acquired a new stake in Smurfit Westrock in the fourth quarter worth about $1,300,041,000. Nuveen Asset Management LLC raised its holdings in Smurfit Westrock by 51.6% during the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after purchasing an additional 7,050,781 shares during the last quarter. Capital Research Global Investors lifted its position in 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 purchasing an additional 318,806 shares during the period. Finally, Geode Capital Management LLC lifted its position in 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 purchasing an additional 1,594,939 shares during the period. 83.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The shares were 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 in the company, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Trading Up 0.2%

Smurfit Westrock stock traded up $0.10 during trading hours on Monday, hitting $42.45. The stock had a trading volume of 3,735,561 shares, compared to its average volume of 4,521,450. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99. The business's 50 day simple moving average is $42.91 and its 200-day simple moving average is $47.73. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 34.80 and a beta of 1.04.

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

Smurfit Westrock Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 19th were given a dividend of $0.4308 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, May 16th. Smurfit Westrock's payout ratio is 140.98%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SW. Barclays cut their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Truist Financial cut their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. 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 report on Monday, June 16th. Royal Bank Of Canada dropped their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, 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 research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $58.50.

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.