Smurfit Westrock Ltd (NYSE:SW) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 28.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,139 shares of the company’s stock after acquiring an additional 2,484 shares during the quarter. NEOS Investment Management LLC’s holdings in Smurfit Westrock were worth $600,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp purchased a new position in shares of Smurfit Westrock in the third quarter valued at approximately $967,582,000. Geode Capital Management LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $627,244,000. Soros Fund Management LLC purchased a new position in Smurfit Westrock in the 3rd quarter valued at approximately $340,848,000. Boston Partners acquired a new position in shares of Smurfit Westrock in the fourth quarter worth $304,377,000. Finally, Victory Capital Management Inc. increased its position in shares of Smurfit Westrock by 4,456.7% during the fourth quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company’s stock worth $295,750,000 after acquiring an additional 5,370,587 shares during the period. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of SW opened at $44.51 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 stock has a market cap of $23.23 billion, a PE ratio of 80.93 and a beta of 0.99. The firm has a fifty day moving average price of $50.51 and a 200 day moving average price of $50.69.

Smurfit Westrock (NYSE:SW) last posted its earnings results 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%. As a group, sell-side analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a $0.4308 dividend. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Friday, February 14th. Smurfit Westrock’s dividend payout ratio is presently 312.73%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley decreased their target price on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. 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 objective for the company. Citigroup raised their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Argus started coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. Finally, Barclays raised their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Insider Transactions at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the transaction, the insider now owns 44,361 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Also, insider Ken Bowles sold 24,225 shares of the company’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 sale, the insider now directly owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.