Handelsbanken Fonder AB Acquires 12,600 Shares of Smurfit Westrock Ltd (NYSE:SW)

Handelsbanken Fonder AB boosted its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 9.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 144,600 shares of the company’s stock after buying an additional 12,600 shares during the period. Handelsbanken Fonder AB’s holdings in Smurfit Westrock were worth $6,516,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of Smurfit Westrock by 8.9% during the fourth quarter. Covestor Ltd now owns 2,308 shares of the company’s stock worth $124,000 after buying an additional 188 shares during the period. Bessemer Group Inc. lifted its stake in Smurfit Westrock by 3.0% in the 4th quarter. Bessemer Group Inc. now owns 6,771 shares of the company’s stock valued at $364,000 after acquiring an additional 197 shares in the last quarter. Assetmark Inc. lifted its stake in Smurfit Westrock by 16.6% in the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company’s stock valued at $75,000 after acquiring an additional 198 shares in the last quarter. Stephens Inc. AR boosted its position in Smurfit Westrock by 3.7% during the 4th quarter. Stephens Inc. AR now owns 5,616 shares of the company’s stock worth $302,000 after acquiring an additional 199 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Smurfit Westrock by 1.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company’s stock worth $855,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 83.38% of the company’s stock.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the transaction, the director now owns 54,893 shares in the company, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Smurfit Westrock Price Performance

NYSE:SW opened at $43.00 on Friday. The company has a market cap of $22.45 billion, a P/E ratio of 78.18 and a beta of 1.04. The firm’s fifty day moving average price is $42.66 and its two-hundred day moving average price is $48.34. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. 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 (NYSE:SW) last announced 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 business 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 revenue for the quarter was up 161.3% on a year-over-year basis. Equities analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced 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 is Friday, May 16th. Smurfit Westrock’s payout ratio is 140.98%.

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.