United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $409,000 in Smurfit Westrock Ltd (NYSE:SW)

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

A number of other institutional investors and hedge funds also recently bought and sold shares of SW. Vanguard Group Inc. grew its holdings in shares of Smurfit Westrock by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock valued at $4,249,613,000 after purchasing an additional 820,362 shares in the last quarter. State Street Corp bought a new position in Smurfit Westrock during the third quarter valued at $967,582,000. Geode Capital Management LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth $627,244,000. FMR LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $431,653,000. Finally, Soros Fund Management LLC purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $340,848,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Down 2.0 %

Smurfit Westrock stock traded down $0.89 during trading hours on Friday, hitting $44.51. The company had a trading volume of 4,134,893 shares, compared to its average volume of 4,790,595. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The firm has a market cap of $23.23 billion, a P/E ratio of 80.93 and a beta of 0.99. The company has a 50-day moving average price of $50.51 and a two-hundred day moving average price of $50.64. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99.

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Smurfit Westrock (NYSE:SW - Get Free Report) last released 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%. On average, sell-side analysts anticipate 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 issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 3.87%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Smurfit Westrock's dividend payout ratio is presently 312.73%.

Insider Transactions at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the company'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 transaction, the insider now directly owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.