Woodline Partners LP Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Woodline Partners LP purchased a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,676 shares of the company's stock, valued at approximately $1,598,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth about $171,026,000. JPMorgan Chase & Co. purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth about $221,026,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after purchasing an additional 279 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of Smurfit Westrock in the 4th quarter worth about $321,000. Finally, Blue Trust Inc. purchased a new position in shares of Smurfit Westrock in the 4th quarter worth about $430,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented 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 on the stock in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada cut their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Barclays cut their target price on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Finally, 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. Two equities research 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.20.

Insider Buying and Selling at Smurfit Westrock

In related news, Director Irial Finan bought 15,180 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director now owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Down 2.0%

Shares of NYSE:SW traded down $0.89 during mid-day trading on Friday, hitting $43.02. 1,052,278 shares of the company traded hands, compared to its average volume of 4,578,186. The firm has a market cap of $22.45 billion, a P/E ratio of 78.16 and a beta of 1.00. 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 Ltd has a 52-week low of $37.01 and a 52-week high of $56.99. The firm's 50 day simple moving average is $42.85 and its 200 day simple moving average is $49.05.

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

Smurfit Westrock Announces Dividend

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