Mufg Securities Americas Inc. Invests $393,000 in Smurfit Westrock Ltd (NYSE:SW)

Mufg Securities Americas Inc. bought 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 13F filing with the SEC. The firm bought 7,294 shares of the company's stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Smurfit Westrock during the 4th quarter worth $1,300,041,000. Nuveen Asset Management LLC raised its position in Smurfit Westrock by 51.6% during the fourth quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after acquiring an additional 7,050,781 shares in the last quarter. Boston Partners acquired a new stake in Smurfit Westrock during the fourth quarter worth approximately $304,377,000. Victory Capital Management Inc. increased its position in Smurfit Westrock by 4,456.7% during the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock worth $295,750,000 after acquiring an additional 5,370,587 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth $221,026,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on SW shares. Royal Bank of Canada decreased their price target on shares of 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 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. Wells Fargo & Company decreased their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Barclays cut their price objective on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Finally, Truist Financial decreased their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two 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 a consensus target price of $58.20.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of the stock in a transaction dated 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 sale, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Irial Finan acquired 15,180 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director now directly owns 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Price Performance

SW traded down $0.21 on Monday, reaching $46.43. 2,472,255 shares of the company's stock were exchanged, compared to its average volume of 4,659,216. The stock's fifty day moving average price is $42.89 and its 200-day moving average price is $49.50. 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 cap of $24.24 billion, a PE ratio of 84.42 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.

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 (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The firm's quarterly revenue was up 161.3% on a year-over-year basis. Sell-side 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. Investors of record on Monday, May 19th will be given a dividend of $0.4308 per share. This represents a yield of 3.7%. The ex-dividend date is Friday, May 16th. Smurfit Westrock's dividend payout ratio is presently 140.98%.

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.