Robeco Institutional Asset Management B.V. cut its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,303 shares of the company's stock after selling 7,857 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Smurfit Westrock were worth $6,480,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the 4th quarter valued at about $25,000. CVA Family Office LLC purchased a new stake in Smurfit Westrock during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new stake in Smurfit Westrock during the 4th quarter valued at approximately $27,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.
In related news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the sale, the insider now owns 149,911 shares of the company's stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by insiders.
SW has been the topic of a number of recent research reports. Argus started coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 target price on the stock. Citigroup boosted their price objective 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. Barclays raised their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, October 7th. Two 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, the stock has an average rating of "Moderate Buy" and an average price target of $60.70.
View Our Latest Research Report on SW
SW stock opened at $53.00 on Friday. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 294.46 and a beta of 1.03. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $53.81 and a 200-day moving average of $49.24. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99.
Smurfit Westrock (NYSE:SW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.23). The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $8.04 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. During the same period last year, the company posted $0.81 EPS. As a group, equities analysts expect that Smurfit Westrock Ltd will post 2.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.25%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock's dividend payout ratio is presently 672.26%.
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.
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