LMR Partners LLP Makes New $7.10 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

LMR Partners LLP purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 131,840 shares of the company's stock, valued at approximately $7,101,000.

Other institutional investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the fourth quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its position in Smurfit Westrock by 117.7% during 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 in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $30,000. Spire Wealth Management acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $36,000. Finally, Principal Securities Inc. lifted its holdings in shares of Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock valued at $37,000 after acquiring an additional 229 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SW. Truist Financial decreased 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. Royal Bank of Canada lowered their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Barclays reduced their price target on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered 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 report on Tuesday, April 8th. Finally, Morgan Stanley reduced 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. Two investment 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.

Smurfit Westrock Stock Performance

NYSE:SW traded down $0.01 during trading hours on Friday, reaching $46.62. 3,141,946 shares of the stock were exchanged, compared to its average volume of 4,669,293. The stock has a market capitalization of $24.34 billion, a P/E ratio of 84.77 and a beta of 1.00. The firm has a 50 day simple moving average of $42.83 and a 200-day simple moving average of $49.50. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 52 week low of $37.01 and a 52 week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The company's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

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

Insider Transactions at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 111,458 shares in the company, valued at $6,136,877.48. This trade represents a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Irial Finan purchased 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the transaction, the director now owns 54,893 shares in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.

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.