Groupama Asset Managment Buys 73,003 Shares of Smurfit Westrock Ltd (NYSE:SW)

Groupama Asset Managment grew its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 409,695 shares of the company's stock after purchasing an additional 73,003 shares during the period. Groupama Asset Managment owned approximately 0.08% of Smurfit Westrock worth $22,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Assetmark Inc. increased its holdings in shares of Smurfit Westrock by 16.6% during the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock worth $75,000 after buying an additional 198 shares in the last quarter. Stephens Inc. AR increased its holdings in Smurfit Westrock by 3.7% during the 4th quarter. Stephens Inc. AR now owns 5,616 shares of the company's stock valued at $302,000 after purchasing an additional 199 shares in the last quarter. Principal Securities Inc. raised its position in Smurfit Westrock by 49.1% in the 4th quarter. Principal Securities Inc. now owns 695 shares of the company's stock valued at $37,000 after purchasing an additional 229 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after purchasing an additional 279 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in Smurfit Westrock by 0.5% in the fourth quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company's stock worth $3,011,000 after purchasing an additional 299 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction 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 sale, the insider now owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction dated 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 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 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 Trading Down 4.0 %

SW traded down $1.69 during trading on Friday, reaching $41.02. 5,923,495 shares of the company's stock were exchanged, compared to its average volume of 4,797,500. The company's fifty day moving average price is $49.44 and its 200-day moving average price is $50.60. The firm has a market capitalization of $21.41 billion, a PE ratio of 74.58 and a beta of 1.00. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced 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%. As a group, equities analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.20%. Smurfit Westrock's dividend payout ratio is 312.73%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SW shares. Citigroup lifted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a report on Monday, January 6th. 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 target price for the company. Barclays increased their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Two equities research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $60.70.

About Smurfit Westrock

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.