Wellington Management Group LLP Buys 426,723 Shares of Smurfit Westrock Ltd (NYSE:SW)

Wellington Management Group LLP boosted its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 156.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 700,036 shares of the company's stock after purchasing an additional 426,723 shares during the quarter. Wellington Management Group LLP owned about 0.13% of Smurfit Westrock worth $37,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised 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 purchasing an additional 198 shares during the last quarter. Stephens Inc. AR grew its holdings in 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 buying 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 buying an additional 229 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in Smurfit Westrock by 0.5% during 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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SW. Citigroup increased their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a report on Monday, January 6th. Truist Financial started coverage on shares of 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 cut their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.00.

Smurfit Westrock Stock Performance

Smurfit Westrock stock traded up $0.54 during midday trading on Friday, reaching $40.81. The stock had a trading volume of 4,376,632 shares, compared to its average volume of 4,815,946. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $21.30 billion, a PE ratio of 74.20 and a beta of 1.00. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99. The firm's 50-day moving average price is $47.56 and its 200 day moving average price is $50.22.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate 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, research analysts predict 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 given 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 annualized dividend and a dividend yield of 4.22%. Smurfit Westrock's payout ratio is 312.73%.

Insider Activity at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction on 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 transaction, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.