167,000 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Slate Path Capital LP

Slate Path Capital LP acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 167,000 shares of the company's stock, valued at approximately $8,995,000.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Smurfit Westrock by 8.9% during the 4th quarter. Covestor Ltd now owns 2,308 shares of the company's stock valued at $124,000 after purchasing an additional 188 shares in the last quarter. Bessemer Group Inc. lifted its stake in Smurfit Westrock by 3.0% in the fourth quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock valued at $364,000 after buying an additional 197 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Smurfit Westrock by 16.6% in the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after buying an additional 198 shares during the period. Stephens Inc. AR boosted its holdings 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 valued at $302,000 after buying an additional 199 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of Smurfit Westrock by 1.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock worth $855,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SW. 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 research note on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Citigroup boosted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Royal Bank of Canada set a $57.00 price target on shares of Smurfit Westrock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley cut their price objective 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.70.

Insiders Place Their Bets

In other news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This trade represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

Shares of SW traded down $0.17 during midday trading on Friday, reaching $42.28. The stock had a trading volume of 2,087,423 shares, compared to its average volume of 4,747,070. The firm has a market cap of $22.07 billion, a PE ratio of 76.87 and a beta of 1.00. The firm has a 50 day simple moving average of $45.09 and a 200-day simple moving average of $49.81. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. As a group, sell-side analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were issued a dividend of $0.4308 per share. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 4.08%. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

Smurfit Westrock Company 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.