Mitsubishi UFJ Trust & Banking Corp Buys 3,127 Shares of Smurfit Westrock Ltd (NYSE:SW)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,913 shares of the company’s stock after acquiring an additional 3,127 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Smurfit Westrock were worth $13,514,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SW. Argus initiated coverage on Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 target price for the company. Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial assumed coverage on Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price for the company. Citigroup boosted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report 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 stock. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Trading Down 2.0 %

Shares of Smurfit Westrock stock opened at $44.51 on Friday. The stock has a market cap of $23.23 billion, a P/E ratio of 80.93 and a beta of 0.99. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The business’s 50 day moving average is $50.51 and its 200-day moving average is $50.59.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results 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 predict that Smurfit Westrock Ltd will post 3.25 earnings per share 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 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was 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%.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ken Bowles sold 24,225 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the sale, the insider now owns 111,458 shares of the company’s stock, 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. Corporate insiders own 0.49% of the company’s stock.

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.