Walleye Capital LLC Invests $14.46 Million in Smurfit Westrock Ltd (NYSE:SW)

Walleye Capital LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 268,507 shares of the company's stock, valued at approximately $14,462,000. Walleye Capital LLC owned about 0.05% of Smurfit Westrock at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mariner LLC boosted its position in shares of Smurfit Westrock by 37.4% during the 4th quarter. Mariner LLC now owns 28,783 shares of the company's stock worth $1,550,000 after acquiring an additional 7,828 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Smurfit Westrock by 1.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock valued at $855,000 after purchasing an additional 225 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Smurfit Westrock by 42.2% in the fourth quarter. Sterling Capital Management LLC now owns 34,738 shares of the company's stock valued at $1,871,000 after purchasing an additional 10,312 shares in the last quarter. Covestor Ltd increased its stake in Smurfit Westrock by 8.9% in the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock valued at $124,000 after purchasing an additional 188 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Smurfit Westrock by 3.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 233,445 shares of the company's stock worth $12,573,000 after purchasing an additional 7,550 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Smurfit Westrock news, 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 transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was 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. The trade was a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded up $0.58 during mid-day trading on Friday, hitting $41.35. 3,693,719 shares of the company were exchanged, compared to its average volume of 4,781,294. The stock has a 50 day simple moving average of $46.27 and a 200-day simple moving average of $49.93. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. 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 cap of $21.58 billion, a price-to-earnings ratio of 75.19 and a beta of 1.00.

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 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%. On average, sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock's dividend payout ratio is 312.73%.

Analyst Ratings Changes

A number of research analysts recently commented on SW shares. Wells Fargo & Company dropped their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Truist Financial initiated coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price for the company. Citigroup raised their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Morgan Stanley reduced their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus price target of $60.00.

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.