Whipplewood Advisors LLC Takes $58,000 Position in Smurfit Westrock Ltd (NYSE:SW)

Whipplewood Advisors LLC bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,082 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Smurfit Westrock during the 4th quarter valued at about $25,000. Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock during the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after buying an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in shares of Smurfit Westrock during the 4th quarter valued at about $30,000. Finally, Spire Wealth Management purchased a new stake in shares of Smurfit Westrock during the 4th quarter valued at about $36,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares of the company’s stock, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 111,458 shares of the company’s stock, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,225 shares of company stock valued at $2,920,429. Company insiders own 0.49% of the company’s stock.

Smurfit Westrock Price Performance

Shares of SW stock opened at $52.15 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The company has a market capitalization of $27.14 billion, a P/E ratio of 94.81 and a beta of 1.02. The company’s 50-day simple moving average is $53.59 and its two-hundred day simple moving average is $50.49. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99.

Smurfit Westrock (NYSE:SW) last issued its 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%. As a group, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The firm also recently declared 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 represents a $1.72 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, February 14th. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is presently 312.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SW shares. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Morgan Stanley upped their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Barclays upped their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target on the stock. Finally, Truist Financial initiated coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target on the stock. Two equities 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.70.

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.