Smurfit Westrock Ltd (NYSE:SW) Stock Position Increased by Hartree Partners LP

Hartree Partners LP increased its stake in Smurfit Westrock Ltd (NYSE:SW) by 68.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,299 shares of the company’s stock after acquiring an additional 63,995 shares during the period. Smurfit Westrock makes up about 3.2% of Hartree Partners LP’s holdings, making the stock its 10th largest holding. Hartree Partners LP’s holdings in Smurfit Westrock were worth $8,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $25,000. Versant Capital Management Inc acquired a new position in Smurfit Westrock in the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in shares of Smurfit Westrock in the 4th quarter valued at about $30,000. Finally, Spire Wealth Management purchased a new stake in Smurfit Westrock in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 2.0 %

Shares of NYSE:SW opened at $44.51 on Friday. The firm has a market cap of $23.23 billion, a PE ratio of 80.93 and a beta of 0.99. The company has a fifty day simple moving average of $50.51 and a 200 day simple moving average of $50.64. 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 Ltd has a 12-month low of $38.55 and a 12-month high of $56.99.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. On average, equities research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were given a $0.4308 dividend. This is a positive change 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 dividend yield of 3.87%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 312.73%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SW shares. Truist Financial began coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price objective on the stock. Morgan Stanley dropped their target price on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Barclays raised their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Citigroup increased their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.70.

Insider Activity

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now owns 44,361 shares of the company’s stock, valued at $2,391,057.90. This trade represents 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 link. Also, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the transaction, the insider now directly owns 111,458 shares of the company’s stock, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.