Rathbones Group PLC Sells 8,988 Shares of Smurfit Westrock Ltd (NYSE:SW)

Rathbones Group PLC trimmed its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 104,102 shares of the company's stock after selling 8,988 shares during the quarter. Rathbones Group PLC's holdings in Smurfit Westrock were worth $5,627,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new stake in Smurfit Westrock during the 4th quarter valued at $25,000. Versant Capital Management Inc bought a new stake in shares of Smurfit Westrock in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its position in 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 acquiring an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new position in Smurfit Westrock in the fourth quarter valued at about $30,000. Finally, Spire Wealth Management purchased a new position in Smurfit Westrock in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Wall Street Analysts Forecast Growth

SW has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Citigroup upped their target price 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. Wells Fargo & Company dropped their price target on shares of 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. Finally, Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Smurfit Westrock Price Performance

SW stock traded up $0.54 during trading on Friday, reaching $40.81. The company's stock had a trading volume of 4,376,632 shares, compared to its average volume of 4,815,946. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The company's fifty day moving average is $47.56 and its 200-day moving average is $50.22. The company has a market capitalization of $21.30 billion, a P/E ratio of 74.20 and a beta of 1.00. Smurfit Westrock Ltd has a 1 year low of $37.01 and a 1 year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released 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%. On average, research analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Friday, February 14th. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's payout ratio is 312.73%.

Insider Buying and Selling

In related news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the sale, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 111,458 shares of the company's stock, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

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.