Tredje AP fonden Has $17.23 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Tredje AP fonden lessened its position in Smurfit Westrock Ltd (NYSE:SW) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,824 shares of the company’s stock after selling 10,163 shares during the period. Tredje AP fonden’s holdings in Smurfit Westrock were worth $17,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SW. State Street Corp acquired a new position in Smurfit Westrock in the 3rd quarter worth about $967,582,000. Geode Capital Management LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at about $627,244,000. FMR LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at about $431,653,000. Mizuho Securities USA LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at about $386,712,000. Finally, Soros Fund Management LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at about $340,848,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Alvaro Henao sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 owns 44,361 shares in the company, valued at $2,391,057.90. This trade 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 is available through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Trading Up 1.6 %

NYSE SW opened at $44.24 on Thursday. The business has a 50 day simple moving average of $52.32 and a 200 day simple moving average of $50.72. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The stock has a market capitalization of $23.02 billion, a P/E ratio of 80.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

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 return on equity of 6.16% and a net margin of 0.63%. Research analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be issued a $0.4308 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.90%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is presently 312.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Truist Financial assumed coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target for the company. Morgan Stanley decreased their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Argus initiated coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

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.