12,673 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,673 shares of the company's stock, valued at approximately $683,000.

A number of other hedge funds have also recently bought and sold shares of SW. Alpha Omega Wealth Management LLC bought a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $5,252,000. Private Management Group Inc. bought a new stake in Smurfit Westrock during the third quarter worth $9,405,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Smurfit Westrock by 29.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock worth $2,309,000 after purchasing an additional 9,581 shares during the last quarter. Intech Investment Management LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at $597,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $520,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SW shares. Argus started coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. 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 research report on Monday, January 6th. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Finally, Barclays upped their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average price target of $60.70.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of the business's 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 directly owns 111,458 shares in the company, valued at $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Saverio Mayer sold 25,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This represents a 14.29 % 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 insiders.

Smurfit Westrock Stock Performance

Smurfit Westrock stock traded down $1.26 during mid-day trading on Thursday, reaching $54.06. The company's stock had a trading volume of 2,850,236 shares, compared to its average volume of 3,380,786. The firm's fifty day moving average price is $53.60 and its two-hundred day moving average price is $49.90. 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 Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The company has a market capitalization of $28.14 billion, a P/E ratio of 98.29 and a beta of 1.02.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share 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%. Sell-side analysts predict 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 will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a $0.4308 dividend. This is a positive change 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 3.19%. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is 312.73%.

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.