Smurfit Westrock Ltd (NYSE:SW) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 120.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,908 shares of the company's stock after purchasing an additional 98,887 shares during the period. LPL Financial LLC's holdings in Smurfit Westrock were worth $9,744,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new position in Smurfit Westrock during the 4th quarter worth about $9,338,000. Mizuho Securities USA LLC lifted its position in shares of Smurfit Westrock by 46.4% in the 4th quarter. Mizuho Securities USA LLC now owns 46,834 shares of the company's stock worth $2,522,000 after purchasing an additional 14,840 shares during the period. Incentive AS boosted its stake in shares of Smurfit Westrock by 53.6% during the fourth quarter. Incentive AS now owns 2,285,423 shares of the company's stock valued at $123,093,000 after purchasing an additional 797,893 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Smurfit Westrock by 142.3% during the fourth quarter. TD Private Client Wealth LLC now owns 17,885 shares of the company's stock valued at $963,000 after buying an additional 10,504 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Smurfit Westrock in the fourth quarter worth approximately $130,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Performance

Shares of SW traded down $0.59 during trading hours on Tuesday, reaching $38.82. 2,206,078 shares of the company traded hands, compared to its average volume of 3,820,828. The stock has a market capitalization of $20.26 billion, a P/E ratio of 70.56 and a beta of 1.00. The business has a fifty day moving average price of $49.13 and a 200-day moving average price of $50.55. Smurfit Westrock Ltd has a 12-month low of $37.76 and a 12-month high of $56.99. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72.

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Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were given a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio is currently 312.73%.

Wall Street Analyst Weigh In

SW has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Barclays lifted their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Citigroup increased their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Truist Financial assumed coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.70.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, 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 value of $1,333,828.50. Following the sale, the insider now directly owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This trade represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $215,600.00. Following 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 disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

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.