8,900 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,900 shares of the company's stock, valued at approximately $479,000.

Several other institutional investors and hedge funds have also made changes to their positions in SW. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the 4th quarter valued at about $25,000. Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 purchased a new position in shares of Smurfit Westrock during the fourth quarter valued at approximately $30,000. Finally, Spire Wealth Management acquired a new stake in Smurfit Westrock during the fourth quarter worth approximately $36,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on SW shares. Argus started coverage on Smurfit Westrock in a research note on Thursday, December 5th. They set a "buy" rating and a $62.00 price target on the stock. Truist Financial started coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price on the stock. Barclays lifted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Citigroup increased their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and an average price target of $60.70.

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Smurfit Westrock Trading Down 0.7 %

Shares of Smurfit Westrock stock traded down $0.30 during trading hours on Thursday, hitting $45.70. The company's stock had a trading volume of 2,364,029 shares, compared to its average volume of 3,535,794. The business has a fifty day moving average of $51.53 and a 200 day moving average of $50.64. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. 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 market capitalization of $23.85 billion, a PE ratio of 83.09 and a beta of 0.99.

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 net margin of 0.63% and a return on equity of 6.16%. As a group, equities analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were issued a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio is currently 312.73%.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This trade represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.