Keybank National Association OH Decreases Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Keybank National Association OH trimmed its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,794 shares of the company’s stock after selling 1,320 shares during the period. Keybank National Association OH’s holdings in Smurfit Westrock were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SW. State Street Corp purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $967,582,000. Geode Capital Management LLC purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $627,244,000. FMR LLC purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $431,653,000. Mizuho Securities USA LLC purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $340,848,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the stock in a transaction on 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. This trade represents a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

SW has been the subject of a number of research reports. Citigroup upped their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Truist Financial began coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target for the company. Barclays upped their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, Morgan Stanley dropped their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $43.62 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The firm has a fifty day moving average price of $52.51 and a 200 day moving average price of $50.76. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 79.31 and a beta of 0.99.

Smurfit Westrock (NYSE:SW) last issued its 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 return on equity of 6.16% and a net margin of 0.63%. As a group, sell-side analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be given a dividend of $0.4308 per share. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.95%. Smurfit Westrock’s dividend payout ratio is currently 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.