Smurfit Westrock Ltd (NYSE:SW) Stock Holdings Increased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 604,618 shares of the company's stock after acquiring an additional 139,529 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.12% of Smurfit Westrock worth $32,565,000 at the end of the most recent quarter.

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

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 44,361 shares in the company, 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. Insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Shares of SW traded up $0.33 during mid-day trading on Monday, reaching $42.56. 3,121,019 shares of the company's stock were exchanged, compared to its average volume of 4,739,055. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $45.09 and a two-hundred day simple moving average of $49.81. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 77.38 and a beta of 1.00. Smurfit Westrock Ltd has a 52-week low of $37.01 and a 52-week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 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, sell-side analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Friday, February 14th. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's payout ratio is currently 312.73%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial cut their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada set a $57.00 price target on Smurfit Westrock in a report on Tuesday, April 22nd. Citigroup boosted their target price 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, Morgan Stanley dropped their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and an average target price of $58.70.

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.