Ilmarinen Mutual Pension Insurance Co Makes New $6.74 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 125,046 shares of the company’s stock, valued at approximately $6,735,000.

Several other hedge funds have also modified their holdings of SW. Russell Investments Group Ltd. raised its holdings in Smurfit Westrock by 4.7% in the fourth quarter. Russell Investments Group Ltd. now owns 182,229 shares of the company’s stock valued at $9,801,000 after acquiring an additional 8,152 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Smurfit Westrock by 53.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 692,054 shares of the company’s stock valued at $37,274,000 after purchasing an additional 242,011 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Smurfit Westrock by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 247,964 shares of the company’s stock valued at $13,355,000 after purchasing an additional 2,203 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth $50,000. Finally, Groupama Asset Managment grew its stake in shares of Smurfit Westrock by 21.7% during the fourth quarter. Groupama Asset Managment now owns 409,695 shares of the company’s stock worth $22,066,000 after purchasing an additional 73,003 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley decreased 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. Truist Financial started coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target for the company. Citigroup raised their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, 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 report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Smurfit Westrock Stock Down 4.0 %

Shares of NYSE:SW opened at $41.02 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The stock has a market cap of $21.41 billion, a P/E ratio of 74.58 and a beta of 1.00. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The firm has a fifty day moving average price of $49.44 and a 200 day moving average price of $50.60.

Smurfit Westrock (NYSE:SW) last released its quarterly 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 return on equity of 6.16% and a net margin of 0.63%. Sell-side analysts predict 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 was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.20%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s payout ratio is presently 312.73%.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 approximately $2,391,057.90. The trade was a 8.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ken Bowles sold 24,225 shares of the 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 transaction, the insider now directly owns 111,458 shares of the company’s stock, valued at approximately $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. Company insiders own 0.49% of the company’s stock.

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.