UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 507,336 shares of the company's stock after buying an additional 6,508 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Smurfit Westrock worth $27,325,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new position in Smurfit Westrock during the 4th quarter worth approximately $30,000. Spire Wealth Management bought a new position in Smurfit Westrock during the 4th quarter worth approximately $36,000. Principal Securities Inc. grew its position in Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock worth $37,000 after acquiring an additional 229 shares during the last quarter. First Horizon Advisors Inc. grew its position in Smurfit Westrock by 448.8% during the 4th quarter. First Horizon Advisors Inc. now owns 697 shares of the company's stock worth $38,000 after acquiring an additional 570 shares during the last quarter. Finally, Huntington National Bank bought a new position in Smurfit Westrock during the 4th quarter worth approximately $50,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Down 1.4%

NYSE:SW traded down $0.63 during trading hours on Friday, reaching $43.28. 5,468,171 shares of the company traded hands, compared to its average volume of 4,597,364. The business's 50-day moving average price is $42.80 and its two-hundred day moving average price is $48.99. The stock has a market capitalization of $22.59 billion, a P/E ratio of 78.69 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 company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

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. The business had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business's revenue was up 161.3% compared to the same quarter last year. Analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

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

Insider Transactions at Smurfit Westrock

In other news, Director Irial Finan acquired 15,180 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SW shares. Truist Financial reduced their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price target 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. Wells Fargo & Company cut their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Barclays cut their price objective on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada cut their price objective on 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.20.

About Smurfit Westrock

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.