Proficio Capital Partners LLC Acquires Shares of 25,907 Smurfit Westrock Ltd (NYSE:SW)

Proficio Capital Partners LLC acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,907 shares of the company’s stock, valued at approximately $1,395,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Retirement Wealth Solutions LLC acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at $25,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 buying an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in Smurfit Westrock in the fourth quarter worth about $30,000. Finally, Spire Wealth Management acquired a new stake in Smurfit Westrock in the fourth quarter worth about $36,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SW has been the subject of a number of research reports. Barclays lifted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial initiated coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Morgan Stanley lowered their price objective on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, Citigroup lifted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $45.70 on Friday. The firm has a market capitalization of $23.85 billion, a P/E ratio of 83.09 and a beta of 0.99. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The business has a 50-day moving average of $51.41 and a 200-day moving average of $50.61. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share 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%. On average, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s payout ratio is 312.73%.

Insider Activity

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the business’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 value of $1,333,828.50. Following the sale, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alvaro Henao sold 4,000 shares of the business’s 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 completion of the sale, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.