Smurfit Westrock Ltd (NYSE:SW) Shares Acquired by Mariner LLC

Mariner LLC raised its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 37.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,783 shares of the company's stock after acquiring an additional 7,828 shares during the period. Mariner LLC's holdings in Smurfit Westrock were worth $1,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SW. Covestor Ltd boosted its stake in shares of Smurfit Westrock by 8.9% in the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock valued at $124,000 after purchasing an additional 188 shares during the period. Bessemer Group Inc. boosted its position in Smurfit Westrock by 3.0% in the 4th quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock valued at $364,000 after buying an additional 197 shares during the period. Assetmark Inc. grew its stake in shares of Smurfit Westrock by 16.6% in the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock worth $75,000 after acquiring an additional 198 shares in the last quarter. Stephens Inc. AR increased its position in shares of Smurfit Westrock by 3.7% during the fourth quarter. Stephens Inc. AR now owns 5,616 shares of the company's stock worth $302,000 after acquiring an additional 199 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Smurfit Westrock by 1.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock valued at $855,000 after acquiring an additional 225 shares in the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Performance

SW traded up $0.33 during trading on Monday, hitting $42.56. 3,121,019 shares of the stock were exchanged, compared to its average volume of 4,739,055. 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 Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. The stock has a fifty day moving average price of $45.09 and a two-hundred day moving average price of $49.81. The firm has a market capitalization of $22.22 billion, a P/E ratio of 77.38 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results 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 net margin of 0.63% and a return on equity of 6.16%. As a group, sell-side analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a dividend of $0.4308 per share. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.05%. Smurfit Westrock's dividend payout ratio is 312.73%.

Analyst Ratings Changes

Several research firms recently commented on SW. Truist Financial lowered their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $57.00 price target on Smurfit Westrock in a research note on Tuesday, April 22nd. Finally, Citigroup lifted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus price target of $58.70.

Insider Buying and Selling

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company'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 completion of the transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

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.