Strs Ohio Increases Position in Smurfit Westrock PLC $SW

Strs Ohio lifted its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 408.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,380 shares of the company's stock after buying an additional 50,922 shares during the quarter. Strs Ohio's holdings in Smurfit Westrock were worth $2,451,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its position in shares of Smurfit Westrock by 113.3% in the third quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company's stock valued at $27,000 after acquiring an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock in the second quarter worth about $29,000. Root Financial Partners LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $33,000. Mather Group LLC. purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $55,000. Finally, MUFG Securities EMEA plc bought a new stake in Smurfit Westrock during the 2nd quarter valued at approximately $63,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Price Performance

SW stock opened at $39.54 on Wednesday. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The firm has a market capitalization of $20.73 billion, a P/E ratio of 54.91 and a beta of 0.95. The company has a fifty day simple moving average of $41.36 and a two-hundred day simple moving average of $40.52. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. Analysts anticipate that Smurfit Westrock PLC will post 2.28 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, May 15th. Smurfit Westrock's payout ratio is presently 251.39%.

Insider Buying and Selling

In other news, CFO Ken Bowles sold 10,000 shares of Smurfit Westrock stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $51.26, for a total value of $512,600.00. Following the completion of the transaction, the chief financial officer owned 151,644 shares in the company, valued at approximately $7,773,271.44. The trade was a 6.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total value of $2,061,600.00. Following the transaction, the chief executive officer directly owned 1,642,610 shares in the company, valued at approximately $84,660,119.40. This represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on SW. JPMorgan Chase & Co. lowered their price target on Smurfit Westrock from $64.00 to $62.00 and set an "overweight" rating on the stock in a report on Friday, May 1st. Zacks Research downgraded shares of Smurfit Westrock from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 7th. Royal Bank Of Canada dropped their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, May 1st. Morgan Stanley cut their target price on shares of Smurfit Westrock from $61.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday, March 6th. Finally, The Goldman Sachs Group began coverage on shares of Smurfit Westrock in a report on Tuesday, March 24th. They issued a "buy" rating and a $49.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.45.

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.

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