Fisher Funds Management LTD Makes New $8.43 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

Fisher Funds Management LTD acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, Holdings Channel reports. The fund acquired 156,444 shares of the company’s stock, valued at approximately $8,432,000.

Other hedge funds also recently added to or reduced their stakes in the company. Alpha Omega Wealth Management LLC acquired a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $5,252,000. Private Management Group Inc. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $9,405,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Smurfit Westrock by 29.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company’s stock valued at $2,309,000 after buying an additional 9,581 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $597,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $520,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now directly owns 111,458 shares of the company’s stock, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $53.17 on Friday. The company has a market cap of $27.67 billion, a P/E ratio of 96.67 and a beta of 1.02. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The business has a fifty day simple moving average of $53.60 and a 200-day simple moving average of $50.02.

Smurfit Westrock (NYSE:SW) last announced 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%. Equities research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, February 14th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s payout ratio is 312.73%.

Analyst Ratings Changes

SW has been the subject of several recent analyst reports. Truist Financial started coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target for the company. Morgan Stanley raised their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.70.

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.