7,600 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,600 shares of the company’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Smurfit Westrock during the fourth quarter worth $25,000. Versant Capital Management Inc bought a new stake in Smurfit Westrock during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its position in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of Smurfit Westrock in the fourth quarter worth about $30,000. Finally, Spire Wealth Management acquired a new position in shares of Smurfit Westrock during the fourth quarter worth approximately $36,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

Smurfit Westrock Stock Performance

Shares of NYSE:SW opened at $45.33 on Thursday. The firm’s 50 day simple moving average is $50.81 and its 200 day simple moving average is $50.62. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The company has a market capitalization of $23.66 billion, a price-to-earnings ratio of 82.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share 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, sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.80%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. 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.