Envestnet Portfolio Solutions Inc. Purchases 4,115 Shares of Smurfit Westrock Ltd (NYSE:SW)

Envestnet Portfolio Solutions Inc. increased its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 45.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,151 shares of the company’s stock after buying an additional 4,115 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Smurfit Westrock were worth $708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Alpha Omega Wealth Management LLC bought a new stake in Smurfit Westrock during the 4th quarter worth about $5,252,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Smurfit Westrock by 29.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company’s stock worth $2,309,000 after acquiring an additional 9,581 shares in the last quarter. Intech Investment Management LLC acquired a new position in Smurfit Westrock during the third quarter valued at approximately $597,000. Nordea Investment Management AB grew its stake in Smurfit Westrock by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company’s stock valued at $272,049,000 after purchasing an additional 500,699 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $511,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insider Transactions at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the stock in a transaction on Monday, February 24th. The stock was 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 approximately $2,391,057.90. This trade represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE:SW opened at $44.94 on Tuesday. The stock has a 50 day simple moving average of $51.11 and a 200 day simple moving average of $50.65. The stock has a market cap of $23.46 billion, a P/E ratio of 81.71 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 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 posted 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%. Research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were issued a $0.4308 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.83%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s payout ratio is currently 312.73%.

Analyst Ratings Changes

Several research firms have recently commented on SW. Citigroup increased their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Truist Financial initiated coverage on shares of 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. upped their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Morgan Stanley reduced their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Barclays upped 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and an average target price 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.