Guggenheim Capital LLC Sells 36,465 Shares of Smurfit Westrock Ltd (NYSE:SW)

Guggenheim Capital LLC cut its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,959 shares of the company's stock after selling 36,465 shares during the quarter. Guggenheim Capital LLC's holdings in Smurfit Westrock were worth $1,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SW. Alpha Omega Wealth Management LLC acquired a new position in Smurfit Westrock during the fourth quarter valued at approximately $5,252,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Smurfit Westrock by 29.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock valued at $2,309,000 after buying an additional 9,581 shares during the period. Nordea Investment Management AB increased its position in shares of Smurfit Westrock by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company's stock valued at $272,049,000 after buying an additional 500,699 shares in the last quarter. First Hawaiian Bank acquired a new stake in Smurfit Westrock during the 4th quarter worth $936,000. Finally, JPMorgan Chase & Co. bought a new position in Smurfit Westrock during the third quarter worth about $221,026,000. Institutional investors own 83.38% of the company's stock.

Insiders Place Their Bets

In other news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the transaction, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ken Bowles sold 24,225 shares of the firm'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 $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. Insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $41.50 on Wednesday. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99. The company's fifty day simple moving average is $45.81 and its 200-day simple moving average is $49.87. The firm has a market cap of $21.66 billion, a PE ratio of 75.46 and a beta of 1.00. 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 (NYSE:SW - Get Free Report) last issued its quarterly 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 return on equity of 6.16% and a net margin of 0.63%. Equities research analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal 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 paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.15%. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SW. Citigroup increased their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Truist Financial dropped their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday. Morgan Stanley reduced their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.80.

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.

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