Smurfit Westrock Ltd (NYSE:SW - Get Free Report) insider Ken Bowles sold 24,225 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the sale, the insider now directly owns 111,458 shares in the company, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Smurfit Westrock Trading Up 1.3 %
SW traded up $0.68 during trading on Monday, hitting $53.84. The company's stock had a trading volume of 3,425,659 shares, compared to its average volume of 3,357,387. The firm's 50 day moving average price is $53.60 and its 200-day moving average price is $50.16. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The stock has a market cap of $28.02 billion, a PE ratio of 97.89 and a beta of 1.02. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99.
Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data 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%. On average, analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.
Smurfit Westrock Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock's dividend payout ratio is presently 312.73%.
Institutional Trading of Smurfit Westrock
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp increased its holdings in shares of Smurfit Westrock by 13.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,473,270 shares of the company's stock worth $79,350,000 after buying an additional 173,975 shares during the last quarter. Forum Financial Management LP increased its holdings in shares of Smurfit Westrock by 61.9% during the 4th quarter. Forum Financial Management LP now owns 9,779 shares of the company's stock worth $527,000 after buying an additional 3,738 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Smurfit Westrock during the 4th quarter worth $30,000. BIP Alliance LLC acquired a new stake in shares of Smurfit Westrock during the 4th quarter worth $488,000. Finally, GTS Securities LLC acquired a new stake in Smurfit Westrock in the 4th quarter valued at $264,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently commented on SW. Royal Bank of Canada reissued an "outperform" rating and set a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price on the stock. Argus began coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a "buy" rating and a $62.00 target price on the stock. Finally, Barclays upped their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.70.
Get Our Latest Stock Report on Smurfit Westrock
Smurfit Westrock Company Profile
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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.
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