BIP Wealth LLC Acquires New Position in Smurfit Westrock PLC $SW

BIP Wealth LLC acquired a new stake in Smurfit Westrock PLC (NYSE:SW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,379 shares of the company’s stock, valued at approximately $2,412,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in Smurfit Westrock in the fourth quarter valued at about $341,000. Sound Income Strategies LLC increased its holdings in Smurfit Westrock by 79,790.6% in the fourth quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock valued at $5,459,000 after buying an additional 127,665 shares during the last quarter. Ascent Group LLC increased its holdings in Smurfit Westrock by 223.8% in the fourth quarter. Ascent Group LLC now owns 16,977 shares of the company’s stock valued at $657,000 after buying an additional 11,734 shares during the last quarter. Perpetual Ltd increased its holdings in Smurfit Westrock by 131.1% in the fourth quarter. Perpetual Ltd now owns 16,288 shares of the company’s stock valued at $630,000 after buying an additional 9,239 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in Smurfit Westrock by 75.0% in the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $135,000 after buying an additional 1,500 shares during the last quarter. 83.38% of the stock is owned by institutional investors.

Insider Activity at Smurfit Westrock

In other news, CFO Ken Bowles sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the transaction, the chief financial officer directly owned 151,644 shares in the company, valued at approximately $7,773,271.44. The trade was a 6.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $51.54, for a total value of $2,061,600.00. Following the transaction, the chief executive officer owned 1,642,610 shares of the company’s stock, valued at approximately $84,660,119.40. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SW. Barclays lowered their price objective on Smurfit Westrock from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group assumed coverage on Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective for the company. Morgan Stanley decreased their target price on Smurfit Westrock from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, March 6th. Argus decreased their target price on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada lifted their target price on Smurfit Westrock from $51.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and an average price target of $55.73.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $39.30 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $43.31 and a two-hundred day moving average of $40.68. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a market cap of $20.60 billion, a P/E ratio of 29.55 and a beta of 1.06.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Friday, February 27th. The company reported $0.34 EPS for the quarter. The company had revenue of $7.58 billion during the quarter. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%. As a group, analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.4523 per share. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, February 17th. Smurfit Westrock’s payout ratio is presently 136.09%.

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.