Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 17.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,227 shares of the company’s stock after selling 266 shares during the period. Parallel Advisors LLC’s holdings in Smurfit Westrock were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SW. GAMMA Investing LLC boosted its holdings in shares of Smurfit Westrock by 3,720.2% in the first quarter. GAMMA Investing LLC now owns 258,014 shares of the company’s stock worth $11,626,000 after buying an additional 251,260 shares during the period. Moody National Bank Trust Division increased its position in shares of Smurfit Westrock by 7.5% in the first quarter. Moody National Bank Trust Division now owns 14,746 shares of the company’s stock worth $664,000 after acquiring an additional 1,028 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Smurfit Westrock by 54.0% in the first quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock worth $35,000 after acquiring an additional 273 shares in the last quarter. First Hawaiian Bank increased its position in shares of Smurfit Westrock by 7.4% in the first quarter. First Hawaiian Bank now owns 18,661 shares of the company’s stock worth $841,000 after acquiring an additional 1,287 shares in the last quarter. Finally, Boston Common Asset Management LLC increased its position in shares of Smurfit Westrock by 5.0% in the first quarter. Boston Common Asset Management LLC now owns 392,635 shares of the company’s stock worth $17,692,000 after acquiring an additional 18,665 shares in the last quarter. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Shares of SW opened at $43.36 on Monday. The firm has a market cap of $22.63 billion, a PE ratio of 78.84 and a beta of 1.04. The firm’s 50 day moving average price is $42.58 and its 200 day moving average price is $48.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock Ltd has a twelve month low of $37.01 and a twelve month high of $56.99.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business’s quarterly revenue was up 161.3% on a year-over-year basis. As a group, research analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th will be paid a $0.4308 dividend. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock’s payout ratio is 140.98%.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the purchase, the director now directly owns 54,893 shares of the company’s stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SW shares. Barclays dropped their target price on shares of Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Truist Financial decreased their price target on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada decreased their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley decreased their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.20.

About Smurfit Westrock

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.