Wellington Management Group LLP Purchases 426,723 Shares of Smurfit Westrock Ltd (NYSE:SW)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Smurfit Westrock by 1.1% in 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 position in Smurfit Westrock in the fourth quarter worth approximately $1,300,041,000. Nuveen Asset Management LLC increased its holdings in shares of Smurfit Westrock by 51.6% in the fourth quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock valued at $1,115,996,000 after buying an additional 7,050,781 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Smurfit Westrock by 1.8% in the 4th quarter. Capital Research Global Investors now owns 18,439,852 shares of the company's stock worth $993,170,000 after acquiring an additional 318,806 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Smurfit Westrock by 12.5% during the fourth 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 currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of SW stock traded up $0.25 during mid-day trading on Tuesday, reaching $42.87. The company's stock had a trading volume of 2,934,493 shares, compared to its average volume of 4,583,464. The firm's 50-day moving average is $42.75 and its two-hundred day moving average is $48.92. The company has a market cap of $22.38 billion, a P/E ratio of 77.95 and a beta of 1.00. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. 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 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The company's quarterly revenue was up 161.3% on a year-over-year basis. On average, research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th will be issued 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 presently 140.98%.

Insider Activity

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the business's 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 transaction, the director now owns 54,893 shares in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SW shares. Truist Financial cut their target price 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. Morgan Stanley lowered their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Barclays cut their price target on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company dropped their price objective 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, Royal Bank of Canada reduced their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus target price 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.