Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,122 shares of the company's stock after selling 11,565 shares during the period. Jefferies Financial Group Inc.'s holdings in Smurfit Westrock were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SW. Retirement Wealth Solutions LLC acquired a new stake in shares of Smurfit Westrock in the 4th quarter worth $25,000. MassMutual Private Wealth & Trust FSB grew its position in Smurfit Westrock by 117.7% in 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 during the period. Deseret Mutual Benefit Administrators purchased a new position in Smurfit Westrock in the fourth quarter worth approximately $30,000. Spire Wealth Management acquired a new stake in Smurfit Westrock during the fourth quarter worth $36,000. Finally, Principal Securities Inc. raised 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 purchasing an additional 229 shares during the period. 83.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of Smurfit Westrock stock in a transaction on Tuesday, May 6th. The stock was bought 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 of the company's stock, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 44,361 shares of the company's stock, valued at $2,391,057.90. The trade was a 8.27% decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SW has been the subject of several research analyst reports. Wells Fargo & Company lowered their price target on 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. 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 research report on Tuesday, March 11th. 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. Barclays decreased their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, Royal Bank of Canada cut their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. 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, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus price target of $58.20.

Smurfit Westrock Stock Down 0.8%

Shares of NYSE:SW traded down $0.39 during midday trading on Tuesday, reaching $46.01. The company had a trading volume of 272,387 shares, compared to its average volume of 3,758,588. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The stock has a market capitalization of $24.02 billion, a P/E ratio of 83.64 and a beta of 1.00. The stock's fifty day moving average price is $42.93 and its 200-day moving average price is $49.46.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.66 billion for the quarter, compared to analysts' expectations of $7.41 billion. The company's revenue was up 161.3% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Monday, May 19th will be paid a dividend of $0.4308 per share. 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 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.