Atria Investments Inc Acquires 26,727 Shares of Smurfit Westrock Ltd (NYSE:SW)

Atria Investments Inc boosted its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 364.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,062 shares of the company's stock after purchasing an additional 26,727 shares during the quarter. Atria Investments Inc's holdings in Smurfit Westrock were worth $1,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SW. State Street Corp acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $967,582,000. Geode Capital Management LLC acquired a new stake in Smurfit Westrock in the third quarter worth approximately $627,244,000. FMR LLC acquired a new position in Smurfit Westrock in the third quarter worth approximately $431,653,000. Mizuho Securities USA LLC acquired a new position in Smurfit Westrock in the third quarter worth approximately $386,712,000. Finally, Soros Fund Management LLC acquired a new position in Smurfit Westrock in the third quarter worth approximately $340,848,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. Citigroup raised their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a report on Monday, January 6th. Barclays raised their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Truist Financial started coverage on Smurfit Westrock in a report on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.70.

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Insiders Place Their Bets

In related news, insider Ken Bowles sold 24,225 shares of the stock in a transaction dated 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 completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction on 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 directly owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. The trade was a 8.27 % 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.

Smurfit Westrock Stock Performance

NYSE:SW traded down $0.84 during mid-day trading on Thursday, hitting $43.41. 2,990,503 shares of the company's stock traded hands, compared to its average volume of 4,592,767. The firm has a 50 day moving average of $52.12 and a two-hundred day moving average of $50.67. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 78.94 and a beta of 0.99. 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 (NYSE:SW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (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, equities analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be given a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.97%. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

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.