Smurfit Westrock Ltd (NYSE:SW) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,732 shares of the company's stock after purchasing an additional 22,430 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Smurfit Westrock were worth $6,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Smurfit Westrock by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock worth $4,249,613,000 after purchasing an additional 820,362 shares during the last quarter. Norges Bank acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth about $1,300,041,000. Nuveen Asset Management LLC grew its holdings in shares of Smurfit Westrock by 51.6% during the fourth quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after buying an additional 7,050,781 shares during the last quarter. Capital Research Global Investors increased its position in Smurfit Westrock by 1.8% in the 4th quarter. Capital Research Global Investors now owns 18,439,852 shares of the company's stock valued at $993,170,000 after acquiring an additional 318,806 shares during the period. Finally, Geode Capital Management LLC increased its position in Smurfit Westrock by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock valued at $769,977,000 after acquiring an additional 1,594,939 shares during the period. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, with a total value 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. This trade represents a 38.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Smurfit Westrock stock traded down $0.18 during midday trading on Wednesday, reaching $42.63. The company's stock had a trading volume of 2,804,229 shares, compared to its average volume of 4,575,696. The firm has a market capitalization of $22.25 billion, a PE ratio of 77.51 and a beta of 1.04. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The stock's 50 day simple moving average is $42.70 and its 200 day simple moving average is $48.87. 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 announced its quarterly earnings results 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 the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business's quarterly revenue was up 161.3% compared to the same quarter last year. On average, equities research analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SW shares. Royal Bank of Canada decreased their price objective 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. Barclays decreased 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. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Truist Financial cut their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley lowered their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.20.

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.