Vident Advisory LLC Grows Stake in Smurfit Westrock Ltd (NYSE:SW)

Vident Advisory LLC increased its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 109.9% in the 4th quarter, according to its most recent disclosure with the SEC. 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 SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after buying an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of Smurfit Westrock in the 4th quarter worth $30,000. Spire Wealth Management purchased a new position in shares of Smurfit Westrock during the 4th quarter worth $36,000. Principal Securities Inc. boosted its position in shares of 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 last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Smurfit Westrock by 448.8% during the 4th quarter. First Horizon Advisors Inc. now owns 697 shares of the company's stock valued at $38,000 after acquiring an additional 570 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SW. Wells Fargo & Company decreased their target price 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. Truist Financial decreased their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley cut their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada reduced their target price 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. Finally, Barclays lowered their price target on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.20.

Insider Transactions at Smurfit Westrock

In other news, Director Irial Finan purchased 15,180 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, for a total transaction of $595,207.80. Following 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Down 2.0%

SW traded down $0.87 during mid-day trading on Wednesday, hitting $43.52. 3,040,514 shares of the stock were exchanged, compared to its average volume of 4,604,062. The company has a market cap of $22.72 billion, a PE ratio of 79.13 and a beta of 1.00. 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 firm's fifty day moving average is $42.88 and its two-hundred day moving average is $49.15. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 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. The company's revenue was up 161.3% on a year-over-year basis. Equities analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

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

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.