Ossiam Raises Position in Smurfit Westrock Ltd (NYSE:SW)

by · The Markets Daily

Ossiam lifted its stake in Smurfit Westrock Ltd (NYSE:SW – Free Report) by 239.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,365 shares of the company’s stock after purchasing an additional 6,604 shares during the quarter. Ossiam’s holdings in Smurfit Westrock were worth $504,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in Smurfit Westrock during the fourth quarter worth $25,000. Versant Capital Management Inc purchased a new position in shares of Smurfit Westrock during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators bought a new position in Smurfit Westrock during the 4th quarter valued at about $30,000. Finally, Spire Wealth Management purchased a new stake in Smurfit Westrock in the 4th quarter worth about $36,000. Institutional investors own 83.38% of the company’s stock.

Insider Transactions at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value 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. The trade was a 8.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Stock Up 1.8 %

NYSE:SW opened at $41.50 on Wednesday. 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 $37.01 and a 1-year high of $56.99. The company has a 50-day moving average of $45.81 and a 200 day moving average of $49.87. The firm has a market cap of $21.66 billion, a PE ratio of 75.46 and a beta of 1.00.

Smurfit Westrock (NYSE:SW – Get Free Report) last announced its quarterly 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 return on equity of 6.16% and a net margin of 0.63%. As a group, research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.15%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 312.73%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial dropped their target price on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley cut their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, 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 report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.80.

Read Our Latest Stock Analysis on Smurfit Westrock

Smurfit Westrock Company Profile

(Free Report)

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.

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