Schonfeld Strategic Advisors LLC Purchases 502,650 Shares of Smurfit Westrock Ltd (NYSE:SW)

Schonfeld Strategic Advisors LLC grew its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 11,911.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 506,870 shares of the company’s stock after buying an additional 502,650 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Smurfit Westrock were worth $27,300,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SW. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock during the 4th quarter worth about $25,000. Versant Capital Management Inc bought a new position in shares of Smurfit Westrock in the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Smurfit Westrock by 117.7% during the fourth 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 stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $30,000. Finally, Spire Wealth Management acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the topic of several research reports. Morgan Stanley reduced their price objective on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Citigroup boosted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Truist Financial cut their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada set a $57.00 price objective on shares of Smurfit Westrock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.70.

Insider Buying and Selling

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 111,458 shares of the company’s stock, valued at $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Up 0.8 %

Shares of NYSE SW opened at $42.56 on Tuesday. Smurfit Westrock Ltd has a 52-week low of $37.01 and a 52-week high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The stock has a market cap of $22.22 billion, a P/E ratio of 77.38 and a beta of 1.00. The firm has a 50 day moving average price of $44.83 and a 200 day moving average price of $49.79.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (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%. Analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were given a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 4.05%. Smurfit Westrock’s payout ratio is currently 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.