Smurfit Westrock Ltd (NYSE:SW) Holdings Lifted by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. raised its position in Smurfit Westrock Ltd (NYSE:SW) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,003 shares of the company’s stock after purchasing an additional 3,970 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Smurfit Westrock were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SW. Cibc World Markets Corp raised its stake in Smurfit Westrock by 426.7% during the 4th quarter. Cibc World Markets Corp now owns 360,766 shares of the company’s stock valued at $19,431,000 after acquiring an additional 292,268 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Smurfit Westrock by 45.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,151 shares of the company’s stock valued at $708,000 after purchasing an additional 4,115 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Smurfit Westrock by 24.5% in the fourth quarter. Natixis Advisors LLC now owns 669,291 shares of the company’s stock worth $36,048,000 after purchasing an additional 131,676 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in Smurfit Westrock in the 4th quarter valued at about $479,000. Finally, Securian Asset Management Inc. acquired a new position in Smurfit Westrock during the 4th quarter valued at about $1,430,000. Institutional investors own 83.38% of the company’s stock.

Insider Activity

In other news, insider Alvaro Henao sold 4,000 shares of the 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ken Bowles sold 24,225 shares of the firm’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 sale, the insider now owns 111,458 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Trading Down 0.6 %

Shares of NYSE SW opened at $44.95 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 81.72 and a beta of 0.99. The business has a fifty day simple moving average of $51.65 and a 200-day simple moving average of $50.68.

Smurfit Westrock (NYSE:SW) last announced 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%. Sell-side analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders 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 annualized dividend and a yield of 3.83%. The ex-dividend date was Friday, February 14th. Smurfit Westrock’s payout ratio is 312.73%.

Analyst Upgrades and Downgrades

SW has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. increased their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Citigroup boosted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Barclays raised their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They issued 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.70.

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.