Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in Smurfit Westrock Ltd (NYSE:SW) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,102 shares of the company’s stock after selling 572 shares during the period. Yousif Capital Management LLC’s holdings in Smurfit Westrock were worth $2,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SW. Deseret Mutual Benefit Administrators purchased a new stake in Smurfit Westrock in the 4th quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $30,000. Versant Capital Management Inc grew its holdings in Smurfit Westrock by 54.0% during 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 during the period. Principal Securities Inc. raised its position in Smurfit Westrock by 49.1% in the fourth quarter. Principal Securities Inc. now owns 695 shares of the company’s stock worth $37,000 after acquiring an additional 229 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in Smurfit Westrock by 448.8% in the fourth quarter. First Horizon Advisors Inc. now owns 697 shares of the company’s stock worth $38,000 after acquiring an additional 570 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $41.95 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The business’s fifty day moving average price is $42.73 and its two-hundred day moving average price is $48.20. The stock has a market cap of $21.90 billion, a PE ratio of 76.27 and a beta of 1.04. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99.

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

Smurfit Westrock Dividend Announcement

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

Insider Activity 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 cost of $39.21 per share, with a total value of $595,207.80. Following the purchase, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

SW has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. Royal Bank of Canada dropped their target price 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. Morgan Stanley decreased their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Truist Financial dropped their price objective on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and an average price target of $58.20.

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.