Triodos Investment Management BV Sells 12,000 Shares of Smurfit Westrock Ltd (NYSE:SW)

Triodos Investment Management BV cut its stake in Smurfit Westrock Ltd (NYSE:SW) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 603,234 shares of the company’s stock after selling 12,000 shares during the period. Smurfit Westrock accounts for approximately 2.6% of Triodos Investment Management BV’s portfolio, making the stock its 16th largest position. Triodos Investment Management BV’s holdings in Smurfit Westrock were worth $32,490,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Alpha Omega Wealth Management LLC bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $5,252,000. Mirae Asset Global Investments Co. Ltd. increased its position in Smurfit Westrock by 29.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company’s stock valued at $2,309,000 after acquiring an additional 9,581 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $597,000. Nordea Investment Management AB increased its position in Smurfit Westrock by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company’s stock worth $272,049,000 after buying an additional 500,699 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $511,000. 83.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on SW shares. JPMorgan Chase & Co. increased their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Argus started coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective on the stock. Barclays raised their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial initiated coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price for the company. Finally, Citigroup upped their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Stock Up 0.4 %

NYSE:SW opened at $45.47 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 stock has a market capitalization of $23.73 billion, a P/E ratio of 82.67 and a beta of 0.99. The company’s 50-day simple moving average is $50.68 and its 200-day simple moving average is $50.59. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. On average, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.79%. Smurfit Westrock’s payout ratio is 312.73%.

Insiders Place Their Bets

In related news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction that occurred 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 transaction, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the firm’s stock in a transaction dated 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 in the company, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.