Smurfit Westrock Ltd (NYSE:SW) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 51.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,720,312 shares of the company's stock after purchasing an additional 7,050,781 shares during the period. Nuveen Asset Management LLC owned 3.98% of Smurfit Westrock worth $1,115,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Covestor Ltd lifted its stake in shares of Smurfit Westrock by 8.9% during the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock worth $124,000 after purchasing an additional 188 shares in the last quarter. Bessemer Group Inc. boosted its stake in 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 during the period. Assetmark Inc. boosted its stake in Smurfit Westrock by 16.6% in the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after buying an additional 198 shares in the last quarter. Stephens Inc. AR raised its stake 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 worth $302,000 after acquiring an additional 199 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake 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 valued at $855,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

Shares of SW traded down $0.26 during trading hours on Monday, hitting $46.38. The stock had a trading volume of 852,905 shares, compared to its average volume of 4,651,999. The stock has a fifty day moving average price of $42.89 and a 200 day moving average price of $49.50. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99. 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 firm has a market capitalization of $24.21 billion, a PE ratio of 84.30 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. The business's revenue was up 161.3% compared to the same quarter last year. Analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

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

Insider Buying and Selling

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Irial Finan purchased 15,180 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares in the company, 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. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SW. Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Truist Financial reduced their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays reduced their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. 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 report on Tuesday, April 8th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Smurfit Westrock currently 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.