Compagnie Lombard Odier SCmA Acquires 105,705 Shares of Smurfit Westrock Ltd (NYSE:SW)

Compagnie Lombard Odier SCmA grew its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 907,544 shares of the company's stock after purchasing an additional 105,705 shares during the quarter. Compagnie Lombard Odier SCmA owned about 0.17% of Smurfit Westrock worth $48,880,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at $25,000. Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its stake in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after buying an additional 279 shares during the period. Spire Wealth Management acquired a new stake in Smurfit Westrock during the 4th quarter worth $36,000. Finally, Waldron Private Wealth LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Insider Activity

In other news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Argus assumed coverage on Smurfit Westrock in a research note on Thursday, December 5th. They set a "buy" rating and a $62.00 price objective on the stock. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. Morgan Stanley increased their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $60.70.

Smurfit Westrock Stock Up 3.1 %

Shares of NYSE SW traded up $1.65 during mid-day trading on Tuesday, hitting $55.30. The company had a trading volume of 3,193,274 shares, compared to its average volume of 3,425,033. The company has a market capitalization of $28.78 billion, a PE ratio of 307.22 and a beta of 1.02. The firm has a 50-day simple moving average of $53.52 and a two-hundred day simple moving average of $49.76. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 0.12% and a positive return on equity of 5.98%. On average, equities analysts expect that Smurfit Westrock Ltd will post 2.65 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be issued a $0.4308 dividend. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.12%. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.26%.

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.