Jefferies Financial Group Inc. Sells 11,565 Shares of Smurfit Westrock Ltd (NYSE:SW)

Jefferies Financial Group Inc. trimmed its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Covestor Ltd grew its position in shares of Smurfit Westrock by 8.9% in the 4th quarter. Covestor Ltd now owns 2,308 shares of the company's stock valued at $124,000 after purchasing an additional 188 shares during the period. Bessemer Group Inc. grew its position in shares of Smurfit Westrock by 3.0% in the 4th quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock valued at $364,000 after purchasing an additional 197 shares during the period. Assetmark Inc. boosted its holdings in shares of Smurfit Westrock by 16.6% in the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after buying an additional 198 shares during the period. Stephens Inc. AR boosted its holdings in shares of Smurfit Westrock by 3.7% in the fourth quarter. Stephens Inc. AR now owns 5,616 shares of the company's stock valued at $302,000 after buying an additional 199 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Smurfit Westrock by 1.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock valued at $855,000 after buying an additional 225 shares during the period. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SW. Barclays reduced their price target on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Morgan Stanley reduced their price target on 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 reduced their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company reduced 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. Finally, Truist Financial reduced their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.20.

Insiders Place Their Bets

In other news, insider Ken Bowles sold 24,225 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. The trade was a 17.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were 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 approximately $2,391,057.90. The trade was a 8.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Down 0.7%

SW traded down $0.32 during trading on Monday, reaching $46.32. 1,366,238 shares of the stock were exchanged, compared to its average volume of 4,654,597. The stock has a market cap of $24.18 billion, a P/E ratio of 84.22 and a beta of 1.00. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99. The stock's 50 day moving average price is $42.89 and its two-hundred day moving average price is $49.50. 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 released its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. The firm's revenue for the quarter was up 161.3% on a year-over-year basis. Equities analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th will be given a dividend of $0.4308 per share. The ex-dividend date is Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is 140.98%.

Smurfit Westrock Company 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.