Smurfit Westrock Ltd (NYSE:SW) Position Cut by Triodos Investment Management BV

Triodos Investment Management BV decreased its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 603,234 shares of the company's stock after selling 12,000 shares during the quarter. Smurfit Westrock comprises approximately 2.6% of Triodos Investment Management BV's portfolio, making the stock its 16th biggest holding. Triodos Investment Management BV owned about 0.12% of Smurfit Westrock worth $32,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SW. Norges Bank acquired a new position in Smurfit Westrock during the fourth quarter worth $1,300,041,000. State Street Corp acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth $967,582,000. Geode Capital Management LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth $627,244,000. FMR LLC purchased a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $431,653,000. Finally, Soros Fund Management LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $340,848,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Trading Down 0.1 %

SW traded down $0.06 during trading on Tuesday, hitting $45.00. 1,119,511 shares of the company's stock were exchanged, compared to its average volume of 4,771,891. The stock has a 50 day moving average price of $50.35 and a 200 day moving average price of $50.69. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 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. The firm has a market cap of $23.49 billion, a P/E ratio of 82.27 and a beta of 0.99.

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Smurfit Westrock (NYSE:SW - Get Free Report) last issued 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, analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were given a $0.4308 dividend. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.83%. Smurfit Westrock's dividend payout ratio (DPR) is 312.73%.

Wall Street Analyst Weigh In

SW has been the topic of several recent research reports. Citigroup upped their price target 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. Morgan Stanley reduced 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. Truist Financial initiated coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They set a "buy" rating and a $62.00 price target for the company. Barclays upped their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Argus assumed coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus price target of $60.70.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares of the company's stock, valued at $2,391,057.90. This trade represents a 8.27 % 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.

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.