155,200 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 155,200 shares of the company's stock, valued at approximately $8,359,000.

Several other hedge funds have also modified their holdings of SW. Retirement Wealth Solutions LLC purchased a new position in Smurfit Westrock during the 4th quarter worth $25,000. Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $30,000. Finally, Spire Wealth Management acquired a new stake in Smurfit Westrock in the 4th quarter worth approximately $36,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the firm'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 transaction of $215,600.00. Following the completion of the transaction, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,225 shares of company stock worth $2,920,429 in the last 90 days. Insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Shares of SW stock traded up $0.46 during mid-day trading on Friday, hitting $52.15. 4,287,723 shares of the stock were exchanged, compared to its average volume of 3,369,657. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The firm has a fifty day moving average of $53.61 and a 200 day moving average of $50.40. The company has a market cap of $27.14 billion, a PE ratio of 94.81 and a beta of 1.02.

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 return on equity of 6.16% and a net margin of 0.63%. Research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's payout ratio is currently 312.73%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SW. Citigroup upped their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Barclays upped their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Truist Financial initiated coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price objective on the stock. Finally, Morgan Stanley lifted 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. 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 a consensus rating of "Moderate Buy" and a consensus target price 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.