Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 1,346,991 Smurfit Westrock Ltd (NYSE:SW)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,346,991 shares of the company's stock, valued at approximately $72,812,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.26% of Smurfit Westrock as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Deseret Mutual Benefit Administrators bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in Smurfit Westrock in the 4th quarter valued at approximately $30,000. Spire Wealth Management bought a new stake in Smurfit Westrock during the 4th quarter valued at $36,000. Principal Securities Inc. raised its holdings in Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock valued at $37,000 after acquiring an additional 229 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Smurfit Westrock by 448.8% during the fourth quarter. First Horizon Advisors Inc. now owns 697 shares of the company's stock worth $38,000 after acquiring an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SW. Wells Fargo & Company lowered their price target 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. Royal Bank of Canada dropped their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Truist Financial decreased their price target on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock 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 for the company in a report on Tuesday, May 13th. Finally, Morgan Stanley cut their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $58.20.

Smurfit Westrock Trading Down 1.4%

Shares of SW stock traded down $0.63 on Friday, hitting $43.28. 5,468,171 shares of the company's stock traded hands, compared to its average volume of 4,597,364. The stock has a market capitalization of $22.59 billion, a price-to-earnings ratio of 78.69 and a beta of 1.00. The company's fifty day simple moving average is $42.80 and its 200 day simple moving average is $49.00. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock's revenue was up 161.3% on a year-over-year basis. Equities analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current 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 of this dividend is Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's payout ratio is 140.98%.

Insider Buying and Selling

In other news, Director Irial Finan purchased 15,180 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $39.21 per share, with a total value of $595,207.80. Following the acquisition, the director now directly owns 54,893 shares in the company, valued at approximately $2,152,354.53. The trade was a 38.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

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.