54,127 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in Smurfit Westrock Ltd (NYSE:SW) in the 4th quarter, HoldingsChannel reports. The fund acquired 54,127 shares of the company’s stock, valued at approximately $2,915,000.

Several other large investors also recently added to or reduced their stakes in SW. Retirement Wealth Solutions LLC purchased a new stake in Smurfit Westrock in the 4th quarter worth about $25,000. Versant Capital Management Inc purchased a new stake in Smurfit Westrock in the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in Smurfit Westrock during the 4th quarter worth about $30,000. Finally, Spire Wealth Management purchased a new stake in Smurfit Westrock during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the business’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 transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were 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 owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

SW has been the topic of a number of recent research reports. Barclays increased their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Argus initiated coverage on Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective on the stock. Citigroup increased their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Truist Financial started 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Trading Up 2.0 %

NYSE SW opened at $45.99 on Thursday. The stock’s 50-day simple moving average is $51.53 and its two-hundred day simple moving average is $50.64. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of 83.62 and a beta of 0.99.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share 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%. Research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were given a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 3.75%. 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 presently 312.73%.

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.