Fisher Funds Management LTD Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Fisher Funds Management LTD purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 156,444 shares of the company's stock, valued at approximately $8,432,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alpha Omega Wealth Management LLC bought a new stake in shares of Smurfit Westrock during the fourth quarter worth $5,252,000. Private Management Group Inc. acquired a new position in Smurfit Westrock during the 3rd quarter worth about $9,405,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Smurfit Westrock by 29.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock worth $2,309,000 after acquiring an additional 9,581 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $597,000. Finally, Moors & Cabot Inc. bought a new position in shares of Smurfit Westrock in the third quarter worth about $520,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now directly owns 44,361 shares of the company's stock, valued at $2,391,057.90. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,225 shares of company stock worth $2,920,429. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Up 1.2 %

Shares of SW stock traded up $0.64 on Wednesday, reaching $53.63. The company had a trading volume of 3,626,080 shares, compared to its average volume of 3,374,834. The stock has a market cap of $27.91 billion, a PE ratio of 97.51 and a beta of 1.02. The company has a 50-day moving average of $53.56 and a 200-day moving average of $50.36. 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 Ltd has a 12 month low of $38.55 and a 12 month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results 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%. On average, equities analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, February 14th. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio (DPR) is presently 312.73%.

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.