Farther Finance Advisors LLC Has $230,000 Stock Position in Smurfit Westrock PLC (NYSE:SW)

Farther Finance Advisors LLC raised its stake in Smurfit Westrock PLC (NYSE:SW) by 36.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,038 shares of the company’s stock after buying an additional 1,346 shares during the period. Farther Finance Advisors LLC’s holdings in Smurfit Westrock were worth $230,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Curat Global LLC bought a new stake in shares of Smurfit Westrock in the first quarter worth $54,000. Bank & Trust Co bought a new stake in shares of Smurfit Westrock in the first quarter worth $122,000. Kwmg LLC grew its stake in shares of Smurfit Westrock by 0.7% in the first quarter. Kwmg LLC now owns 130,274 shares of the company’s stock worth $5,870,000 after purchasing an additional 864 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of Smurfit Westrock by 14.5% in the first quarter. Merit Financial Group LLC now owns 10,912 shares of the company’s stock worth $492,000 after purchasing an additional 1,385 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in shares of Smurfit Westrock by 127,600.0% in the first quarter. NBC Securities Inc. now owns 1,277 shares of the company’s stock worth $57,000 after purchasing an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insider Transactions at Smurfit Westrock

In other news, Director Irial Finan acquired 15,180 shares of Smurfit Westrock stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director now owns 54,893 shares of the company’s stock, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $42.38 on Thursday. The firm’s 50-day moving average price is $42.83 and its 200-day moving average price is $48.00. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99. The firm has a market capitalization of $22.12 billion, a P/E ratio of 34.74 and a beta of 1.04. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a net margin of 1.98% and a return on equity of 7.38%. The business’s quarterly revenue was up 161.3% compared to the same quarter last year. Equities research analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th were given a dividend of $0.4308 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, May 16th. Smurfit Westrock’s payout ratio is presently 140.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price 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. Royal Bank Of Canada decreased their price target on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Wells Fargo & Company decreased their price target on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Barclays decreased their price target on Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and increased their price target for the stock from $44.00 to $55.00 in a report on Monday. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.50.

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.