Jump Financial LLC Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Jump Financial LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,632 shares of the company's stock, valued at approximately $626,000.

Several other institutional investors also recently bought and sold shares of SW. Retirement Wealth Solutions LLC purchased a new stake in shares of Smurfit Westrock during the fourth quarter worth about $25,000. Versant Capital Management Inc bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 279 shares during the period. Deseret Mutual Benefit Administrators bought a new position in shares of Smurfit Westrock during the fourth quarter valued at approximately $30,000. Finally, Spire Wealth Management bought a new position in shares of Smurfit Westrock during the fourth quarter valued at approximately $36,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

SW opened at $41.95 on Thursday. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. The stock has a 50-day moving average price of $45.57 and a 200-day moving average price of $49.81. The firm has a market cap of $21.90 billion, a PE ratio of 76.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (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%. Sell-side analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were paid a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.11%. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

Insiders Place Their Bets

In related news, insider Alvaro Henao sold 4,000 shares of the stock in a transaction that occurred on 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 owns 44,361 shares in the company, valued at $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

SW has been the topic of a number of research analyst reports. Truist Financial decreased their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday. Citigroup raised their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Morgan Stanley decreased their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $57.00 price objective on Smurfit Westrock in a research report on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.70.

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.

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