Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 56.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,824 shares of the company's stock after selling 6,145 shares during the period. Nisa Investment Advisors LLC's holdings in Smurfit Westrock were worth $260,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp acquired a new stake in Smurfit Westrock in the 3rd quarter worth about $967,582,000. Geode Capital Management LLC acquired a new position in Smurfit Westrock in the third quarter valued at approximately $627,244,000. FMR LLC acquired a new position in Smurfit Westrock in the third quarter valued at approximately $431,653,000. Mizuho Securities USA LLC acquired a new position in Smurfit Westrock in the third quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC acquired a new position in Smurfit Westrock in the third quarter valued at approximately $340,848,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Down 0.5 %

Shares of Smurfit Westrock stock traded down $0.26 during trading hours on Thursday, reaching $53.30. 3,788,890 shares of the company were exchanged, compared to its average volume of 2,904,063. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The stock's fifty day moving average is $53.94 and its 200 day moving average is $49.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The firm has a market cap of $27.72 billion, a PE ratio of 296.12 and a beta of 1.03.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.23). Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. The company had revenue of $7.67 billion for the quarter, compared to analysts' expectations of $8.04 billion. During the same period in the prior year, the company posted $0.81 EPS. As a group, equities research analysts forecast that Smurfit Westrock Ltd will post 2.65 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio is currently 672.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Argus assumed coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 price objective on the stock. Barclays upped their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. Truist Financial started coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price on the stock. Finally, Morgan Stanley boosted their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. 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.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus target price of $60.70.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.

About Smurfit Westrock

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.