Smurfit Westrock Ltd (NYSE:SW) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 46.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,834 shares of the company's stock after acquiring an additional 14,840 shares during the period. Mizuho Securities USA LLC's holdings in Smurfit Westrock were worth $2,522,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth $967,582,000. Geode Capital Management LLC purchased a new stake in Smurfit Westrock in the third quarter worth approximately $627,244,000. FMR LLC bought a new position in Smurfit Westrock in the third quarter valued at about $431,653,000. Soros Fund Management LLC purchased a new position in shares of Smurfit Westrock in the third quarter worth approximately $340,848,000. Finally, Boston Partners bought a new position in Smurfit Westrock in the 4th quarter worth $304,377,000. Institutional investors own 83.38% of the company's stock.

Insider Buying and Selling

In other news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the firm'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 transaction, the insider now directly owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

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Smurfit Westrock Trading Down 2.0 %

Shares of NYSE SW traded down $0.89 during midday trading on Friday, hitting $44.51. The company's stock had a trading volume of 4,134,893 shares, compared to its average volume of 4,790,591. The business's 50 day moving average is $50.68 and its two-hundred day moving average is $50.59. The firm has a market cap of $23.23 billion, a P/E ratio of 80.93 and a beta of 0.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. 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 results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates 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 research analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were issued a $0.4308 dividend. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.87%. Smurfit Westrock's payout ratio is presently 312.73%.

Analyst Ratings Changes

A number of brokerages have commented on SW. Morgan Stanley reduced their price target 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. Truist Financial assumed coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price on the stock. Citigroup lifted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a report on Monday, January 6th. Barclays raised their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Argus assumed coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Smurfit Westrock presently has an average rating of "Moderate Buy" and a consensus price target of $60.70.

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.