Smurfit Westrock Ltd (NYSE:SW) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Smurfit Westrock Ltd (NYSE:SW) by 9.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 84,226 shares of the company’s stock after purchasing an additional 7,103 shares during the period. ProShare Advisors LLC’s holdings in Smurfit Westrock were worth $4,536,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SW. MassMutual Private Wealth & Trust FSB grew its holdings in Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in Smurfit Westrock in the fourth quarter valued at $30,000. Spire Wealth Management acquired a new stake in Smurfit Westrock in the fourth quarter valued at $36,000. Principal Securities Inc. grew its holdings in Smurfit Westrock by 49.1% in the fourth quarter. Principal Securities Inc. now owns 695 shares of the company’s stock valued at $37,000 after purchasing an additional 229 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Smurfit Westrock by 448.8% in the fourth quarter. First Horizon Advisors Inc. now owns 697 shares of the company’s stock valued at $38,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SW shares. Truist Financial decreased their price objective on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price objective 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. Barclays decreased their price objective on Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. Royal Bank of Canada decreased their price objective on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.20.

Smurfit Westrock Stock Down 0.5%

Shares of NYSE:SW opened at $46.43 on Tuesday. The stock’s 50-day moving average price is $42.93 and its two-hundred day moving average price is $49.46. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. The firm has a market cap of $24.24 billion, a price-to-earnings ratio of 84.42 and a beta of 1.00.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. The firm’s revenue was up 161.3% on a year-over-year basis. On average, research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th will be issued a $0.4308 dividend. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock’s dividend payout ratio (DPR) is 140.98%.

Insider Transactions at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of the firm’s 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 transaction, the insider now directly owns 44,361 shares in the company, 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 this hyperlink. Also, Director Irial Finan acquired 15,180 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

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.