WINTON GROUP Ltd Buys 11,908 Shares of Smurfit Westrock Ltd (NYSE:SW)

WINTON GROUP Ltd lifted its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 102.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,505 shares of the company's stock after purchasing an additional 11,908 shares during the quarter. WINTON GROUP Ltd's holdings in Smurfit Westrock were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans acquired a new position in Smurfit Westrock in the 3rd quarter worth about $957,000. Commerce Bank bought a new stake in shares of Smurfit Westrock during the third quarter worth about $267,000. Intech Investment Management LLC acquired a new position in shares of Smurfit Westrock in the third quarter valued at approximately $597,000. Cerity Partners LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at approximately $1,124,000. Finally, Independent Advisor Alliance acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $301,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SW shares. Citigroup lifted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Truist Financial initiated coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price target on the stock. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Argus began coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 target price on the stock. Finally, Morgan Stanley lowered their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.70.

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Insiders Place Their Bets

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock 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 transaction, the insider now owns 44,361 shares of the company's stock, 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 Trading Down 0.1 %

Shares of Smurfit Westrock stock traded down $0.07 on Tuesday, reaching $44.99. 825,018 shares of the company's stock were exchanged, compared to its average volume of 4,770,336. The firm's 50-day moving average is $50.35 and its two-hundred day moving average is $50.69. The company has a market capitalization of $23.49 billion, a P/E ratio of 81.95 and a beta of 0.99. 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 52 week low of $38.55 and a 52 week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings results 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%. 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 declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were paid a dividend of $0.4308 per share. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, February 14th. Smurfit Westrock's dividend payout ratio is 312.73%.

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.