Troluce Capital Advisors LLC Sells 1,054,833 Shares of Smurfit Westrock Ltd (NYSE:SW)

Troluce Capital Advisors LLC decreased its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 96.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,063 shares of the company's stock after selling 1,054,833 shares during the period. Smurfit Westrock accounts for 0.1% of Troluce Capital Advisors LLC's portfolio, making the stock its 17th largest position. Troluce Capital Advisors LLC's holdings in Smurfit Westrock were worth $2,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Smurfit Westrock in the 4th quarter valued at about $1,300,041,000. Nuveen Asset Management LLC increased its position in shares of 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 buying an additional 7,050,781 shares in the last quarter. Boston Partners acquired a new stake in Smurfit Westrock during the 4th quarter worth $304,377,000. Victory Capital Management Inc. lifted its holdings in Smurfit Westrock by 4,456.7% during the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock worth $295,750,000 after acquiring an additional 5,370,587 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Smurfit Westrock in the third quarter valued at about $221,026,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Down 0.9%

SW traded down $0.41 during trading hours on Tuesday, hitting $45.98. 2,059,673 shares of the company's stock were exchanged, compared to its average volume of 4,647,347. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 83.60 and a beta of 1.00. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. The stock's 50-day moving average is $42.99 and its two-hundred day moving average is $49.44. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72.

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 analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Smurfit Westrock's quarterly revenue was up 161.3% on a year-over-year basis. Sell-side analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be given a dividend of $0.4308 per share. The ex-dividend date 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

Several research firms have recently weighed in on SW. Morgan Stanley cut their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company dropped their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Truist Financial reduced their price target on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays dropped 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. Finally, Royal Bank of Canada cut their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus price target of $58.20.

Insider Buying and Selling at Smurfit Westrock

In related news, Director Irial Finan acquired 15,180 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the acquisition, the director now owns 54,893 shares in the company, valued at $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction on Monday, February 24th. The shares were 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 $2,391,057.90. This represents a 8.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

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.