Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Troluce Capital Advisors LLC

Troluce Capital Advisors LLC lessened its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 96.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,063 shares of the company's stock after selling 1,054,833 shares during the quarter. 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.

Several other large investors have also modified their holdings of SW. Royal Bank of Canada grew its stake in Smurfit Westrock by 44.0% in the fourth quarter. Royal Bank of Canada now owns 1,067,691 shares of the company's stock worth $57,505,000 after purchasing an additional 326,437 shares in the last quarter. Rafferty Asset Management LLC increased its stake in Smurfit Westrock by 12.6% during the 4th quarter. Rafferty Asset Management LLC now owns 42,888 shares of the company's stock valued at $2,310,000 after purchasing an additional 4,805 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Smurfit Westrock during the fourth quarter valued at $3,707,000. Recurrent Investment Advisors LLC grew its position in Smurfit Westrock by 100.9% during the fourth quarter. Recurrent Investment Advisors LLC now owns 37,071 shares of the company's stock valued at $1,997,000 after buying an additional 18,619 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Smurfit Westrock by 9.2% during the 4th quarter. ProShare Advisors LLC now owns 84,226 shares of the company's stock valued at $4,536,000 after buying an additional 7,103 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

SW stock traded down $0.60 during trading on Friday, hitting $43.89. The company had a trading volume of 760,760 shares, compared to its average volume of 4,611,354. The firm has a 50-day moving average price of $42.98 and a 200-day moving average price of $49.35. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. The firm has a market cap of $22.91 billion, a PE ratio of 79.75 and a beta of 1.00. 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 issued its quarterly 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 return on equity of 6.16% and a net margin of 0.63%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock's quarterly revenue was up 161.3% on a year-over-year basis. On average, analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be paid a $0.4308 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend is Friday, May 16th. Smurfit Westrock's payout ratio is currently 140.98%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SW shares. Barclays dropped their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Truist Financial decreased their target price 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. 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 research report on Tuesday, March 11th. Royal Bank of Canada decreased 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. Finally, Wells Fargo & Company dropped their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.20.

Insider Transactions at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now directly owns 44,361 shares of the company's stock, valued at $2,391,057.90. The trade was a 8.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Irial Finan purchased 15,180 shares of Smurfit Westrock stock in a transaction on 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 owns 54,893 shares of the company's stock, valued at $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company's stock.

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.