Nomura Holdings Inc. Purchases Shares of 66,735 Smurfit Westrock Ltd (NYSE:SW)

Nomura Holdings Inc. bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 66,735 shares of the company's stock, valued at approximately $3,594,000.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Smurfit Westrock by 8.9% during the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock valued at $124,000 after buying an additional 188 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Smurfit Westrock by 3.0% during 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 in the last quarter. Assetmark Inc. grew its stake in shares of Smurfit Westrock by 16.6% in the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company's stock worth $75,000 after purchasing an additional 198 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Smurfit Westrock by 3.7% in the 4th quarter. Stephens Inc. AR now owns 5,616 shares of the company's stock worth $302,000 after purchasing an additional 199 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Smurfit Westrock by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock worth $855,000 after purchasing an additional 225 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Down 0.5%

Shares of NYSE SW traded down $0.21 during mid-day trading on Monday, reaching $46.43. The company had a trading volume of 2,472,255 shares, compared to its average volume of 4,659,216. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99. 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 stock has a market capitalization of $24.24 billion, a PE ratio of 84.42 and a beta of 1.00. The stock's 50 day moving average is $42.89 and its 200-day moving average is $49.50.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.73 EPS 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 the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Smurfit Westrock's revenue was up 161.3% compared to the same quarter last year. As a group, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently announced 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. This represents a yield of 3.7%. The ex-dividend date is Friday, May 16th. Smurfit Westrock's payout ratio is 140.98%.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company's 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 completion of the sale, the insider now directly 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 at the SEC website. Also, Director Irial Finan purchased 15,180 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price 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 of the company's stock, valued at approximately $2,152,354.53. This trade represents 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 Analysts Forecast Growth

A number of analysts recently weighed in on SW shares. Royal Bank of Canada reduced their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Barclays cut their price objective on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Truist Financial cut their price objective 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. Morgan Stanley cut their price objective 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. Finally, Wells Fargo & Company cut their price objective 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.