Melqart Asset Management UK Ltd Has $15.01 Million Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Melqart Asset Management UK Ltd reduced its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 61.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 278,712 shares of the company's stock after selling 443,024 shares during the period. Smurfit Westrock makes up approximately 1.8% of Melqart Asset Management UK Ltd's holdings, making the stock its 17th biggest holding. Melqart Asset Management UK Ltd owned 0.05% of Smurfit Westrock worth $15,011,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SW. Barclays PLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $171,026,000. McIlrath & Eck LLC bought a new stake in shares of Smurfit Westrock in the third quarter worth $100,000. Wilmington Savings Fund Society FSB acquired a new position in Smurfit Westrock during the third quarter worth $134,000. Tidal Investments LLC bought a new position in Smurfit Westrock in the third quarter valued at $1,681,000. Finally, Synovus Financial Corp acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $858,000. Institutional investors own 83.38% of the company's stock.

Insider Activity

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction 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 sale, the insider now directly 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 transaction 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 Smurfit Westrock stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was 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.

Smurfit Westrock Stock Performance

SW opened at $42.28 on Friday. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99. 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 company has a market capitalization of $22.07 billion, a PE ratio of 76.87 and a beta of 1.00. The business has a fifty day simple moving average of $45.09 and a 200 day simple moving average of $49.78.

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 (EPS) 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%. Research analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current 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 issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 4.08%. Smurfit Westrock's payout ratio is currently 312.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial decreased their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley decreased their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 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 note on Monday, January 6th. Finally, Royal Bank of Canada set a $57.00 price objective on shares of Smurfit Westrock in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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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