Lighthouse Investment Partners LLC Has $7.27 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Lighthouse Investment Partners LLC increased its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 263.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,000 shares of the company's stock after buying an additional 97,861 shares during the period. Lighthouse Investment Partners LLC's holdings in Smurfit Westrock were worth $7,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in Smurfit Westrock during the fourth quarter worth $25,000. MassMutual Private Wealth & Trust FSB grew its position in 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 last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of Smurfit Westrock during the 4th quarter worth about $30,000. Spire Wealth Management acquired a new position in shares of Smurfit Westrock during the fourth quarter valued at about $36,000. Finally, Principal Securities Inc. lifted its stake in shares of 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 buying an additional 229 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Price Performance

Smurfit Westrock stock traded down $0.01 on Friday, reaching $46.62. The company's stock had a trading volume of 3,141,946 shares, compared to its average volume of 4,669,293. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 84.77 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. The business's fifty day moving average price is $42.83 and its 200 day moving average price is $49.50.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 business's revenue was up 161.3% compared to the same quarter last year. Equities analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Alvaro Henao sold 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the sale, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. This trade represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Irial Finan acquired 15,180 shares of Smurfit Westrock stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the purchase, the director now directly owns 54,893 shares in the company, valued at $2,152,354.53. The trade was a 38.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on SW shares. Royal Bank of Canada reduced their price objective 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. Morgan Stanley decreased their price target 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. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Barclays dropped their price target on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Truist Financial lowered their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and an average price target of $58.20.

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.