Smurfit Westrock Ltd (NYSE:SW) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 74.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 271,790 shares of the company's stock after selling 793,389 shares during the quarter. American Century Companies Inc. owned about 0.05% of Smurfit Westrock worth $14,639,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Mizuho Securities USA LLC boosted its stake in Smurfit Westrock by 46.4% during the fourth quarter. Mizuho Securities USA LLC now owns 46,834 shares of the company's stock valued at $2,522,000 after buying an additional 14,840 shares during the last quarter. Incentive AS grew its holdings in shares of Smurfit Westrock by 53.6% in the fourth quarter. Incentive AS now owns 2,285,423 shares of the company's stock valued at $123,093,000 after purchasing an additional 797,893 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Smurfit Westrock by 142.3% in the fourth quarter. TD Private Client Wealth LLC now owns 17,885 shares of the company's stock valued at $963,000 after purchasing an additional 10,504 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Smurfit Westrock in the fourth quarter worth $130,000. Finally, Xponance Inc. grew its stake in shares of Smurfit Westrock by 1.4% in the 4th quarter. Xponance Inc. now owns 107,522 shares of the company's stock worth $5,791,000 after buying an additional 1,456 shares in the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The sale was disclosed in a 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 that occurred 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 $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Stock Down 4.0 %

Smurfit Westrock stock traded down $1.69 during trading hours on Friday, reaching $41.02. The stock had a trading volume of 5,923,495 shares, compared to its average volume of 4,797,500. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 74.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The business's 50 day moving average price is $49.44 and its 200-day moving average price is $50.62.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced 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 net margin of 0.63% and a return on equity of 6.16%. Sell-side analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.20%. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio is 312.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SW shares. Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Citigroup upped their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price on the stock. Finally, Morgan Stanley reduced their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.