Troluce Capital Advisors LLC Has $2.32 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Troluce Capital Advisors LLC cut its position in Smurfit Westrock Ltd (NYSE:SW) by 96.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,063 shares of the company’s stock after selling 1,054,833 shares during the period. Smurfit Westrock comprises about 0.1% of Troluce Capital Advisors LLC’s portfolio, making the stock its 17th largest position. Troluce Capital Advisors LLC’s holdings in Smurfit Westrock were worth $2,319,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC acquired a new stake in Smurfit Westrock in the fourth quarter worth $5,252,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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. JPMorgan Chase & Co. bought a new stake in shares of Smurfit Westrock during the third quarter worth $221,026,000. US Bancorp DE increased its position in shares of Smurfit Westrock by 10.0% during the fourth quarter. US Bancorp DE now owns 17,602 shares of the company’s stock worth $948,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in shares of Smurfit Westrock during the fourth quarter worth $418,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Down 0.0%

Smurfit Westrock stock opened at $46.62 on Friday. The company has a market cap of $24.34 billion, a P/E ratio of 84.77 and a beta of 1.00. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. The company has a fifty day simple moving average of $42.89 and a 200 day simple moving average of $49.51. 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 earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business’s revenue for the quarter was up 161.3% on a year-over-year basis. Research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th will be paid a $0.4308 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend is Friday, May 16th. Smurfit Westrock’s dividend payout ratio is currently 140.98%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SW shares. Barclays lowered their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Royal Bank of Canada lowered their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Morgan Stanley lowered their price objective 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, March 11th. Truist Financial lowered their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average target price of $58.20.

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 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. This trade represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 completion of the sale, the insider now owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.48. This represents a 17.85% decrease in their position. The disclosure for this sale can be found here. Corporate 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.