OMERS ADMINISTRATION Corp Increases Position in Smurfit Westrock Ltd (NYSE:SW)

OMERS ADMINISTRATION Corp lifted its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 258.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,954 shares of the company's stock after acquiring an additional 23,031 shares during the period. OMERS ADMINISTRATION Corp's holdings in Smurfit Westrock were worth $1,721,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. LMR Partners LLP bought a new stake in Smurfit Westrock in the 4th quarter valued at $7,101,000. Lighthouse Investment Partners LLC increased its holdings in Smurfit Westrock by 263.5% during the fourth quarter. Lighthouse Investment Partners LLC now owns 135,000 shares of the company's stock worth $7,271,000 after buying an additional 97,861 shares during the last quarter. Investment Management Corp of Ontario increased its holdings in shares of Smurfit Westrock by 32.9% in the fourth quarter. Investment Management Corp of Ontario now owns 22,917 shares of the company's stock valued at $1,234,000 after purchasing an additional 5,677 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth $511,000. Finally, Ensign Peak Advisors Inc raised its stake in Smurfit Westrock by 12.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 146,650 shares of the company's stock worth $7,899,000 after purchasing an additional 16,475 shares in the last quarter. Institutional investors own 83.38% of the company's stock.

Insider Activity at Smurfit Westrock

In other news, Director Irial Finan purchased 15,180 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the purchase, the director now owns 54,893 shares of the company's stock, valued at $2,152,354.53. The trade was a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction dated 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 directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. This trade represents a 8.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Down 1.0%

Shares of NYSE:SW traded down $0.44 during trading on Wednesday, reaching $45.50. 518,022 shares of the stock were exchanged, compared to its average volume of 4,628,689. The stock has a fifty day moving average of $42.99 and a two-hundred day moving average of $49.44. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year 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 cap of $23.75 billion, a price-to-earnings ratio of 82.71 and a beta of 1.00.

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

Smurfit Westrock Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SW shares. Truist Financial cut their target price 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 dropped their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Barclays reduced their target price on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada lowered their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus target price of $58.20.

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.