Rhumbline Advisers Has $46.77 Million Holdings in Smurfit Westrock Ltd (NYSE:SW)

Rhumbline Advisers lifted its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 868,433 shares of the company's stock after buying an additional 7,474 shares during the period. Rhumbline Advisers owned about 0.17% of Smurfit Westrock worth $46,774,000 at the end of the most recent quarter.

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

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares in the company, 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 currently owned by insiders.

Smurfit Westrock Stock Performance

Shares of SW traded down $0.93 during mid-day trading on Friday, hitting $53.17. 2,515,222 shares of the company's stock were exchanged, compared to its average volume of 3,355,327. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The stock's 50-day simple moving average is $53.61 and its 200-day simple moving average is $49.93. The firm has a market cap of $27.67 billion, a price-to-earnings ratio of 96.67 and a beta of 1.02. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced 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%. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.24%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is 312.73%.

Analysts Set New Price Targets

Several research firms have weighed in on SW. Truist Financial began coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price target on the stock. Morgan Stanley increased their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Argus began coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.70.

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.