Triodos Investment Management BV Sells 12,000 Shares of Smurfit Westrock Ltd (NYSE:SW)

Triodos Investment Management BV lowered its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,234 shares of the company’s stock after selling 12,000 shares during the quarter. Smurfit Westrock accounts for 2.6% of Triodos Investment Management BV’s investment portfolio, making the stock its 16th largest holding. Triodos Investment Management BV owned 0.12% of Smurfit Westrock worth $32,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Smurfit Westrock during the 4th quarter valued at $1,300,041,000. State Street Corp bought a new position in Smurfit Westrock during the third quarter valued at about $967,582,000. Geode Capital Management LLC purchased a new stake in Smurfit Westrock during the third quarter worth about $627,244,000. FMR LLC bought a new stake in Smurfit Westrock in the third quarter worth about $431,653,000. Finally, Soros Fund Management LLC purchased a new position in Smurfit Westrock in the third quarter valued at about $340,848,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SW. Argus initiated coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. JPMorgan Chase & Co. upped their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Truist Financial initiated coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target for the company. Citigroup boosted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Morgan Stanley cut their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Trading Up 0.4 %

Shares of SW opened at $45.47 on Friday. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a market capitalization of $23.73 billion, a P/E ratio of 82.67 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. The firm’s 50 day simple moving average is $50.68 and its 200 day simple moving average is $50.59.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were issued a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.79%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 312.73%.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now 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 disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.