Smurfit Westrock Ltd (NYSE:SW) Stock Holdings Increased by Groupama Asset Managment

Groupama Asset Managment grew its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 409,695 shares of the company’s stock after buying an additional 73,003 shares during the period. Groupama Asset Managment owned about 0.08% of Smurfit Westrock worth $22,066,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SW. Retirement Wealth Solutions LLC bought a new position in shares of Smurfit Westrock in the 4th quarter worth about $25,000. Versant Capital Management Inc bought a new position in Smurfit Westrock in the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 acquiring an additional 279 shares during the period. Deseret Mutual Benefit Administrators bought a new position 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 during the 4th quarter worth approximately $36,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $45.05 on Tuesday. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $50.35 and a 200 day simple moving average of $50.69. The firm has a market capitalization of $23.52 billion, a price-to-earnings ratio of 81.91 and a beta of 0.99.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data 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 expect that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a $0.4308 dividend. 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 3.83%. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock’s dividend payout ratio is currently 312.73%.

Analyst Ratings Changes

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

Insider Transactions at Smurfit Westrock

In related news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.