Proficio Capital Partners LLC Makes New $1.40 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

Proficio Capital Partners LLC bought a new position in Smurfit Westrock Ltd (NYSE:SW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,907 shares of the company’s stock, valued at approximately $1,395,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc bought a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings 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 acquiring an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $30,000. Finally, Spire Wealth Management bought a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $36,000. Institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Barclays increased their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Citigroup increased their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Trading Down 0.4 %

Smurfit Westrock stock opened at $46.53 on Friday. The company has a 50 day moving average price of $52.93 and a 200 day moving average price of $50.68. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. 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 market capitalization of $24.22 billion, a price-to-earnings ratio of 84.61 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 (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%. Research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.70%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio (DPR) is 312.73%.

Insider Buying and Selling at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the firm’s 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 in the company, valued at approximately $6,136,877.48. This trade represents a 17.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of the firm’s 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 transaction, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Company 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.