Mainstay Capital Management LLC ADV Raises Position in Smurfit Westrock Ltd (NYSE:SW)

Mainstay Capital Management LLC ADV raised its holdings in Smurfit Westrock Ltd (NYSE:SW) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,793 shares of the company’s stock after buying an additional 410 shares during the period. Smurfit Westrock makes up approximately 0.3% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 29th largest position. Mainstay Capital Management LLC ADV’s holdings in Smurfit Westrock were worth $1,982,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Stephens Inc. AR lifted its position in shares of Smurfit Westrock by 3.7% during the 4th quarter. Stephens Inc. AR now owns 5,616 shares of the company’s stock worth $302,000 after purchasing an additional 199 shares during the last quarter. Principal Securities Inc. lifted its position in Smurfit Westrock by 49.1% in the fourth quarter. Principal Securities Inc. now owns 695 shares of the company’s stock valued at $37,000 after acquiring an additional 229 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position 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 last quarter. DAVENPORT & Co LLC lifted its position in Smurfit Westrock by 0.5% in the fourth quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company’s stock valued at $3,011,000 after acquiring an additional 299 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in Smurfit Westrock by 2.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company’s stock valued at $764,000 after acquiring an additional 365 shares during the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SW shares. Barclays boosted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Citigroup lifted their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Truist Financial initiated coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price objective on the stock. Finally, Argus initiated coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Insiders Place Their Bets

In other news, insider Ken Bowles sold 24,225 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is available through the SEC website. Also, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % 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 Down 1.7 %

Smurfit Westrock stock opened at $53.17 on Monday. 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 Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a market cap of $27.67 billion, a PE ratio of 96.67 and a beta of 1.02. The stock’s 50 day moving average price is $53.60 and its 200 day moving average price is $50.16.

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

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.24%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock’s payout ratio is presently 312.73%.

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.