Wellington Management Group LLP Raises Holdings in Smurfit Westrock Ltd (NYSE:SW)

Wellington Management Group LLP raised its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 156.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700,036 shares of the company's stock after purchasing an additional 426,723 shares during the quarter. Wellington Management Group LLP owned approximately 0.13% of Smurfit Westrock worth $37,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SW. Deseret Mutual Benefit Administrators bought a new position in Smurfit Westrock in the fourth quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. bought a new position in Smurfit Westrock in the fourth quarter valued at about $30,000. Spire Wealth Management bought a new position in Smurfit Westrock in the fourth quarter valued at about $36,000. Principal Securities Inc. grew its position in Smurfit Westrock by 49.1% in the fourth 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. grew its position in Smurfit Westrock by 448.8% in the fourth 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. Institutional investors and hedge funds own 83.38% of the company's stock.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of Smurfit Westrock stock in a transaction on Tuesday, May 6th. The stock was 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 of the company's stock, valued at $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Up 0.2%

Shares of NYSE:SW traded up $0.09 during trading on Wednesday, reaching $42.90. 889,146 shares of the stock were exchanged, compared to its average volume of 4,567,658. 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 Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. The stock has a fifty day moving average of $42.70 and a two-hundred day moving average of $48.87. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 78.00 and a beta of 1.04.

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, topping the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. The business's revenue for the quarter was up 161.3% compared to the same quarter last year. Research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

Wall Street Analysts Forecast Growth

SW has been the topic of several research reports. Barclays reduced their price target on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada reduced their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Truist Financial reduced their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company reduced 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. Finally, Morgan Stanley reduced 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. Based on data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and an average price target of $58.20.

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.