Smurfit Westrock PLC $SW Position Raised by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 30.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 101,476 shares of the company’s stock after acquiring an additional 23,769 shares during the period. WINTON GROUP Ltd’s holdings in Smurfit Westrock were worth $4,320,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SW. TD Waterhouse Canada Inc. lifted its position in Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after purchasing an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Smurfit Westrock during the 2nd quarter valued at about $29,000. Root Financial Partners LLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $33,000. Rexford Capital Inc. bought a new position in Smurfit Westrock in the 2nd quarter worth about $35,000. Finally, Groupe la Francaise acquired a new stake in shares of Smurfit Westrock in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insider Buying and Selling at Smurfit Westrock

In other news, CEO Anthony P. J. Smurfit sold 40,000 shares of Smurfit Westrock stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $51.54, for a total transaction of $2,061,600.00. Following the transaction, the chief executive officer directly owned 1,642,610 shares in the company, valued at approximately $84,660,119.40. This trade represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ken Bowles sold 10,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $51.26, for a total value of $512,600.00. Following the completion of the sale, the chief financial officer directly owned 151,644 shares in the company, valued at $7,773,271.44. This represents a 6.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is currently owned by company insiders.

Smurfit Westrock Trading Down 1.7%

Shares of NYSE:SW opened at $42.11 on Tuesday. The company has a 50 day moving average of $44.16 and a 200-day moving average of $41.58. The firm has a market cap of $22.07 billion, a P/E ratio of 31.66 and a beta of 1.06. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. The company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the business earned $0.28 EPS. Smurfit Westrock’s revenue was up .5% compared to the same quarter last year. As a group, analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s dividend payout ratio is 136.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SW shares. Citigroup lifted their price target on Smurfit Westrock from $48.00 to $59.00 and gave the company a “buy” rating in a report on Friday, February 13th. Truist Financial set a $60.00 target price on Smurfit Westrock in a research report on Thursday, February 12th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Wells Fargo & Company boosted their price target on Smurfit Westrock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley decreased their price target on Smurfit Westrock from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.10.

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.