Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN lowered its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 982,190 shares of the company's stock after selling 20,203 shares during the quarter. Smurfit Westrock accounts for about 3.5% of Patten & Patten Inc. TN's portfolio, making the stock its 3rd largest position. Patten & Patten Inc. TN owned about 0.19% of Smurfit Westrock worth $52,901,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. lifted its holdings in shares of Smurfit Westrock by 16.6% in the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company's stock worth $75,000 after acquiring an additional 198 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Smurfit Westrock by 3.7% in the 4th 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 last quarter. Principal Securities Inc. lifted its holdings in shares of Smurfit Westrock by 49.1% in the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock worth $37,000 after acquiring an additional 229 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after acquiring an additional 279 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Smurfit Westrock by 0.5% in the 4th quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company's stock worth $3,011,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 83.38% of the company's stock.

Remove Ads

Analyst Ratings Changes

SW has been the subject of several analyst reports. Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 target price for the company. Morgan Stanley reduced their price target 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. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Barclays raised their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Truist Financial assumed coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.70.

Smurfit Westrock Stock Down 0.7 %

NYSE SW traded down $0.30 during trading on Thursday, reaching $45.70. 2,364,039 shares of the company's stock traded hands, compared to its average volume of 4,549,479. 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 firm has a market cap of $23.85 billion, a price-to-earnings ratio of 83.09 and a beta of 0.99. The company's 50 day simple moving average is $51.53 and its two-hundred day simple moving average is $50.64. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99.

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 net margin of 0.63% and a return on equity of 6.16%. As a group, sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were given 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 dividend on an annualized basis and a yield of 3.77%. Smurfit Westrock's dividend payout ratio (DPR) is 312.73%.

Insider Transactions at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares of the company's stock, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. 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 Smurfit Westrock stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the transaction, 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. Insiders own 0.49% of the company's stock.

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.