Generali Asset Management SPA SGR Purchases Shares of 54,127 Smurfit Westrock Ltd (NYSE:SW)

Generali Asset Management SPA SGR bought a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 54,127 shares of the company's stock, valued at approximately $2,915,000.

Several other large investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Smurfit Westrock in the 4th quarter valued at about $25,000. Versant Capital Management Inc acquired a new stake in Smurfit Westrock in the fourth quarter valued at approximately $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 acquired a new position in shares of Smurfit Westrock during the fourth quarter worth approximately $30,000. Finally, Spire Wealth Management bought a new position in shares of Smurfit Westrock in the 4th quarter worth $36,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SW has been the subject of a number of recent research reports. Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a "buy" rating and a $62.00 price target for the company. Citigroup boosted their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Morgan Stanley decreased their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Barclays increased 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.70.

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Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the firm'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 completion of the transaction, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction 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 trade represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded up $0.73 during midday trading on Monday, reaching $44.94. The company's stock had a trading volume of 3,994,245 shares, compared to its average volume of 4,569,692. The stock has a market capitalization of $23.46 billion, a P/E ratio of 81.71 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The firm has a 50 day moving average price of $51.26 and a 200-day moving average price of $50.66. 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 posted 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 return on equity of 6.16% and a net margin of 0.63%. As a group, equities analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were given a dividend of $0.4308 per share. The ex-dividend date was Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.83%. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio 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.