Mitsubishi UFJ Asset Management Co. Ltd. Purchases 56,390 Shares of Smurfit Westrock Ltd (NYSE:SW)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 787,732 shares of the company's stock after buying an additional 56,390 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Smurfit Westrock worth $41,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in Smurfit Westrock during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its stake 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 purchasing an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in Smurfit Westrock in the 4th quarter worth $30,000. Finally, Spire Wealth Management purchased a new position in Smurfit Westrock during the fourth quarter valued at $36,000. Institutional investors own 83.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on SW shares. Citigroup upped their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Truist Financial started coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price on the stock. Barclays lifted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Argus began coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a "buy" rating and a $62.00 price objective for the company. Finally, Morgan Stanley lowered their target price 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.70.

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Smurfit Westrock Price Performance

Shares of NYSE:SW traded up $0.48 during midday trading on Tuesday, reaching $45.54. 4,606,787 shares of the company were exchanged, compared to its average volume of 4,790,329. The stock has a market cap of $23.77 billion, a PE ratio of 82.80 and a beta of 0.99. The business's fifty day moving average is $50.35 and its two-hundred day moving average is $50.69. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

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 net margin of 0.63% and a return on equity of 6.16%. As a group, analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, February 14th. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

Insiders Place Their Bets

In other news, insider Ken Bowles sold 24,225 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 111,458 shares in the company, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were 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 in the company, 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. Corporate insiders own 0.49% of the company's stock.

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.