Rhumbline Advisers Purchases 7,474 Shares of Smurfit Westrock Ltd (NYSE:SW)

Rhumbline Advisers boosted its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 868,433 shares of the company’s stock after buying an additional 7,474 shares during the period. Rhumbline Advisers owned approximately 0.17% of Smurfit Westrock worth $46,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpha Omega Wealth Management LLC purchased a new stake in Smurfit Westrock during the fourth quarter valued at approximately $5,252,000. Private Management Group Inc. purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $9,405,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Smurfit Westrock by 29.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company’s stock worth $2,309,000 after buying an additional 9,581 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Smurfit Westrock in the third quarter worth approximately $597,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Smurfit Westrock in the third quarter worth approximately $520,000. 83.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

SW has been the topic of several recent analyst reports. Truist Financial initiated coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Citigroup increased their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley increased their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.70.

Smurfit Westrock Stock Down 1.9 %

Shares of NYSE SW opened at $53.63 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $27.92 billion, a PE ratio of 297.98 and a beta of 1.02. The stock’s fifty day simple moving average is $53.54 and its two-hundred day simple moving average is $49.69. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. As a group, analysts expect that Smurfit Westrock Ltd will post 2.65 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a $0.4308 dividend. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.21%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

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.