8,172 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC purchased a new position in Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,172 shares of the company’s stock, valued at approximately $440,000.

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

Insider Buying and Selling

In other Smurfit Westrock 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 transaction of $215,600.00. Following the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Up 3.4 %

SW stock opened at $48.29 on Thursday. 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 company’s 50 day moving average is $53.23 and its 200 day moving average is $50.69. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of 87.79 and a beta of 0.99. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99.

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 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 fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors 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 3.57%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock’s dividend payout ratio is 312.73%.

Analyst Ratings Changes

Several research firms have commented on SW. JPMorgan Chase & Co. upped their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Truist Financial initiated coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target on the stock. Citigroup upped their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, Argus initiated coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Smurfit Westrock currently has an average 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.