Smurfit Westrock Ltd (NYSE:SW) is Hartree Partners LP's 10th Largest Position

Hartree Partners LP boosted its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 68.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,299 shares of the company's stock after buying an additional 63,995 shares during the period. Smurfit Westrock makes up 3.2% of Hartree Partners LP's holdings, making the stock its 10th biggest holding. Hartree Partners LP's holdings in Smurfit Westrock were worth $8,472,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $25,000. Versant Capital Management Inc acquired a new stake in Smurfit Westrock in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its stake in Smurfit Westrock by 117.7% in the fourth 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 in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in Smurfit Westrock in the fourth quarter valued at $30,000. Finally, Spire Wealth Management acquired a new position in shares of Smurfit Westrock during the fourth quarter valued at about $36,000. Institutional investors own 83.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SW. Barclays raised 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. Truist Financial assumed coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price on the stock. Morgan Stanley decreased their price target 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. Citigroup raised their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Argus initiated coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 target price for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $60.70.

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Insider Activity at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $1,333,828.50. Following the completion of 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 disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded up $0.48 during mid-day trading on Tuesday, hitting $45.54. 4,606,787 shares of the stock were exchanged, compared to its average volume of 4,790,333. The company has a market capitalization of $23.77 billion, a P/E ratio of 82.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The company has a 50-day simple moving average of $50.35 and a 200 day simple moving average of $50.69. 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 released 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%. Sell-side analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal 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 dividend of $0.4308 per share. The ex-dividend date was Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.78%. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio (DPR) is presently 312.73%.

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.