Vident Advisory LLC Purchases 5,925 Shares of Smurfit Westrock Ltd (NYSE:SW)

Vident Advisory LLC raised its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 109.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,316 shares of the company's stock after purchasing an additional 5,925 shares during the quarter. Vident Advisory LLC's holdings in Smurfit Westrock were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SW. Royal Bank of Canada boosted its holdings in shares of Smurfit Westrock by 44.0% in the 4th quarter. Royal Bank of Canada now owns 1,067,691 shares of the company's stock worth $57,505,000 after acquiring an additional 326,437 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of 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 acquiring an additional 4,805 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $3,707,000. Recurrent Investment Advisors LLC raised its position in shares of Smurfit Westrock by 100.9% during the 4th quarter. Recurrent Investment Advisors LLC now owns 37,071 shares of the company's stock valued at $1,997,000 after acquiring an additional 18,619 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Smurfit Westrock by 9.2% during the fourth quarter. ProShare Advisors LLC now owns 84,226 shares of the company's stock worth $4,536,000 after acquiring an additional 7,103 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Smurfit Westrock

In related news, Director Irial Finan acquired 15,180 shares of the stock in a transaction on 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 purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Smurfit Westrock Stock Performance

NYSE:SW traded down $0.89 on Friday, hitting $43.02. The company's stock had a trading volume of 1,052,278 shares, compared to its average volume of 4,578,186. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $42.85 and a two-hundred day moving average of $49.05. The firm has a market capitalization of $22.45 billion, a P/E ratio of 78.16 and a beta of 1.00. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The company's revenue for the quarter was up 161.3% on a year-over-year basis. Research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced 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 dividend payout ratio (DPR) is currently 140.98%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial decreased 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 dropped their target price 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. Royal Bank of Canada dropped their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays dropped their target price on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, Morgan Stanley dropped their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Smurfit Westrock presently has a consensus 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.