Guggenheim Capital LLC Sells 36,465 Shares of Smurfit Westrock Ltd (NYSE:SW)

Guggenheim Capital LLC trimmed its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 65.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,959 shares of the company's stock after selling 36,465 shares during the quarter. Guggenheim Capital LLC's holdings in Smurfit Westrock were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Retirement Wealth Solutions LLC bought a new stake in Smurfit Westrock during the fourth quarter worth about $25,000. Versant Capital Management Inc bought a new stake in Smurfit Westrock during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 acquiring an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in Smurfit Westrock during the fourth quarter worth about $30,000. Finally, Spire Wealth Management bought a new position in shares of Smurfit Westrock in the fourth quarter worth approximately $36,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $57.00 price target on shares of Smurfit Westrock in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Truist Financial reduced their price target 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, Citigroup raised their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and an average price target of $58.70.

Insider Transactions at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the transaction, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

SW stock traded up $0.33 on Monday, hitting $42.56. The company had a trading volume of 3,121,019 shares, compared to its average volume of 4,739,060. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. 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 stock's 50-day simple moving average is $44.83 and its 200 day simple moving average is $49.79. The stock has a market cap of $22.22 billion, a price-to-earnings ratio of 77.38 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. As a group, equities research analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Friday, February 14th. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

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.