Proficio Capital Partners LLC Buys Shares of 25,907 Smurfit Westrock Ltd (NYSE:SW)

Proficio Capital Partners LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 4th quarter, Holdings Channel.com reports. The firm bought 25,907 shares of the company’s stock, valued at approximately $1,395,000.

Several other institutional investors have also recently bought and sold shares of the company. 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 increased its position in shares of 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 purchasing an additional 199 shares during the last quarter. Principal Securities Inc. increased its position in shares of Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company’s stock worth $37,000 after purchasing an additional 229 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Smurfit Westrock by 0.5% during the 4th quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company’s stock worth $3,011,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SW has been the topic of several recent analyst reports. Argus initiated coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Citigroup boosted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Morgan Stanley lowered their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Barclays boosted their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Stock Down 0.7 %

SW stock opened at $45.70 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $23.85 billion, a PE ratio of 83.09 and a beta of 0.99. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The business’s 50 day simple moving average is $51.41 and its 200 day simple moving average is $50.61.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. As a group, research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were issued a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.77%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Smurfit Westrock’s dividend payout ratio is currently 312.73%.

Insider Buying and Selling at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the sale, the insider now owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.