Universal Beteiligungs und Servicegesellschaft mbH Invests $72.81 Million in Smurfit Westrock Ltd (NYSE:SW)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to the company in its most recent disclosure 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp increased its holdings in shares of Smurfit Westrock by 13.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,473,270 shares of the company's stock worth $79,350,000 after buying an additional 173,975 shares during the last quarter. Forum Financial Management LP increased its position in shares of Smurfit Westrock by 61.9% during the 4th quarter. Forum Financial Management LP now owns 9,779 shares of the company's stock valued at $527,000 after purchasing an additional 3,738 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Smurfit Westrock during the 4th quarter valued at about $30,000. BIP Alliance LLC bought a new stake in Smurfit Westrock in the 4th quarter worth approximately $488,000. Finally, GTS Securities LLC purchased a new stake in Smurfit Westrock in the fourth quarter worth approximately $264,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Up 0.9%

Shares of NYSE:SW traded up $0.41 during trading hours on Thursday, hitting $43.92. The company's stock had a trading volume of 2,226,035 shares, compared to its average volume of 4,593,491. The firm's fifty day moving average price is $42.87 and its 200 day moving average price is $49.11. Smurfit Westrock Ltd has a 52 week low of $37.01 and a 52 week high of $56.99. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 79.86 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. The business's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, research analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on SW. Morgan Stanley cut their price target 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. Royal Bank of Canada lowered their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial lowered their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays dropped their price target on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.20.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the transaction, the director now directly owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.