Smurfit Westrock Ltd (NYSE:SW) Shares Bought by Caprock Group LLC

Caprock Group LLC grew its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 65.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,426 shares of the company’s stock after purchasing an additional 3,740 shares during the quarter. Caprock Group LLC’s holdings in Smurfit Westrock were worth $508,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. State Street Corp acquired a new position in shares of Smurfit Westrock during the 3rd quarter valued at $967,582,000. Geode Capital Management LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth $627,244,000. FMR LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth $431,653,000. Mizuho Securities USA LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth $386,712,000. Finally, Soros Fund Management LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth $340,848,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Trading Up 0.6 %

NYSE SW opened at $53.84 on Wednesday. The company has a market capitalization of $28.00 billion, a PE ratio of 299.10 and a beta of 1.02. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $53.75 and its 200-day simple moving average is $49.30.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This is an increase 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 3.20%. Smurfit Westrock’s dividend payout ratio (DPR) is 672.26%.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Argus assumed coverage on Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective for the company. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Morgan Stanley raised their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Truist Financial began coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 target price for the company. Two equities 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.70.

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.