Smurfit Westrock Ltd (NYSE:SW) Shares Purchased by Mariner LLC

Mariner LLC grew its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 37.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,783 shares of the company's stock after purchasing an additional 7,828 shares during the quarter. Mariner LLC's holdings in Smurfit Westrock were worth $1,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC purchased a new position in shares of Smurfit Westrock during the 4th quarter valued at approximately $5,252,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Smurfit Westrock by 29.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock worth $2,309,000 after purchasing an additional 9,581 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Smurfit Westrock by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company's stock worth $272,049,000 after purchasing an additional 500,699 shares in the last quarter. First Hawaiian Bank acquired a new position in Smurfit Westrock in the 4th quarter valued at approximately $936,000. Finally, JPMorgan Chase & Co. acquired a new position 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.

Wall Street Analyst Weigh In

SW has been the subject of a number of research reports. 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 report on Tuesday, March 11th. Royal Bank of Canada set a $57.00 price objective on Smurfit Westrock in a research note on Tuesday, April 22nd. Citigroup raised their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a report on Monday, January 6th. Truist Financial decreased their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.70.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction on Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now owns 44,361 shares of the company's stock, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction that occurred on 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 directly owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Down 0.8 %

Shares of NYSE SW traded down $0.34 on Wednesday, reaching $42.01. 4,614,404 shares of the company's stock traded hands, compared to its average volume of 4,727,059. The company has a market cap of $21.93 billion, a price-to-earnings ratio of 76.38 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The business's 50 day simple moving average is $44.38 and its two-hundred day simple moving average is $49.69. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate 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, equities research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were issued a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a yield of 4.10%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's payout ratio is presently 312.73%.

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.