Tocqueville Asset Management L.P. Has $3.18 Million Stake in Smurfit Westrock Ltd (NYSE:SW)

Tocqueville Asset Management L.P. increased its position in Smurfit Westrock Ltd (NYSE:SW) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,003 shares of the company’s stock after buying an additional 3,970 shares during the period. Tocqueville Asset Management L.P.’s holdings in Smurfit Westrock were worth $3,178,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

SW has been the topic of a number of recent analyst reports. Argus initiated coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective on the stock. Citigroup lifted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Barclays upped their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Finally, Truist Financial began coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target for the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.70.

Insiders Place Their Bets

In other Smurfit Westrock news, 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 transaction of $1,333,828.50. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the sale, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE:SW opened at $44.95 on Wednesday. The firm’s 50-day moving average is $51.65 and its 200-day moving average is $50.68. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 81.72 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99.

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

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.83%. 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%.

About Smurfit Westrock

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.