Sei Investments Co. Reduces Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Sei Investments Co. reduced its position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,495 shares of the company's stock after selling 66,204 shares during the period. Sei Investments Co. owned approximately 0.07% of Smurfit Westrock worth $19,254,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new position in Smurfit Westrock in the third quarter worth $957,000. Commerce Bank purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $267,000. Intech Investment Management LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at about $597,000. Cerity Partners LLC purchased a new stake in Smurfit Westrock during the third quarter worth about $1,124,000. Finally, Independent Advisor Alliance acquired a new position in Smurfit Westrock during the third quarter worth about $301,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SW shares. 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 research report on Monday, January 6th. Argus assumed coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 target price on the stock. Truist Financial started coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price on the stock. Barclays lifted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley lowered their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus price target of $60.70.

Remove Ads

Smurfit Westrock Trading Up 1.1 %

Shares of NYSE SW traded up $0.48 during midday trading on Tuesday, reaching $45.54. 4,606,787 shares of the stock were exchanged, compared to its average volume of 4,790,333. The stock has a 50 day moving average price of $50.16 and a 200-day moving average price of $50.70. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $23.77 billion, a P/E ratio of 82.80 and a beta of 0.99. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week 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 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%. Equities research analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were given a dividend of $0.4308 per share. The ex-dividend date was Friday, February 14th. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.78%. Smurfit Westrock's dividend payout ratio is 312.73%.

Insiders Place Their Bets

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

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.