APG Asset Management N.V. Sells 56,466 Shares of Smurfit Westrock Ltd (NYSE:SW)

APG Asset Management N.V. cut its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,019 shares of the company's stock after selling 56,466 shares during the period. APG Asset Management N.V.'s holdings in Smurfit Westrock were worth $4,630,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $25,000. Versant Capital Management Inc bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after acquiring an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in Smurfit Westrock during the 4th quarter worth about $30,000. Finally, Spire Wealth Management bought a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $36,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Smurfit Westrock

In related news, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 directly owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value 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 represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Up 1.8 %

Shares of SW stock traded up $0.72 during trading hours on Thursday, hitting $41.49. 1,649,616 shares of the company's stock traded hands, compared to its average volume of 4,771,304. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 75.16 and a beta of 1.00. The stock's fifty day simple moving average is $46.76 and its two-hundred day simple moving average is $50.03. 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 posted 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 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 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.15%. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Smurfit Westrock's dividend payout ratio is 312.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SW shares. Morgan Stanley reduced their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. 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 target price on the stock. Finally, Citigroup increased their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $60.00.

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.