Sowell Financial Services LLC Takes $490,000 Position in Smurfit Westrock PLC (NYSE:SW)

Sowell Financial Services LLC acquired a new stake in shares of Smurfit Westrock PLC (NYSE:SWFree Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,885 shares of the company’s stock, valued at approximately $490,000.

Several other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its position in shares of Smurfit Westrock by 8.9% during the 4th quarter. Covestor Ltd now owns 2,308 shares of the company’s stock valued at $124,000 after purchasing an additional 188 shares during the last quarter. Bessemer Group Inc. grew its position in Smurfit Westrock by 3.0% during the 4th quarter. Bessemer Group Inc. now owns 6,771 shares of the company’s stock worth $364,000 after acquiring an additional 197 shares during the last quarter. Assetmark Inc. grew its position in Smurfit Westrock by 16.6% during the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company’s stock worth $75,000 after acquiring an additional 198 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Smurfit Westrock by 1.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company’s stock worth $855,000 after acquiring an additional 225 shares during the last quarter. Finally, Principal Securities Inc. grew its position in Smurfit Westrock by 49.1% during the 4th quarter. Principal Securities Inc. now owns 695 shares of the company’s stock worth $37,000 after acquiring an additional 229 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SW has been the topic of several recent research reports. Royal Bank Of Canada reduced their price target on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price target on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reduced their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Truist Financial reduced their price target on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and raised their price target for the stock from $44.00 to $55.00 in a research report on Monday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $58.50.

View Our Latest Report on Smurfit Westrock

Smurfit Westrock Trading Down 0.9%

NYSE SW opened at $42.38 on Friday. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.43. The stock has a 50 day simple moving average of $42.88 and a two-hundred day simple moving average of $47.91. The stock has a market cap of $22.12 billion, a P/E ratio of 34.74 and a beta of 1.04.

Smurfit Westrock (NYSE:SWGet Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The business had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.41 billion. The business’s revenue for the quarter was up 161.3% on a year-over-year basis. On average, analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were issued a $0.4308 dividend. This represents a yield of 3.7%. The ex-dividend date was Friday, May 16th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 140.98%.

Insider Activity

In other news, Director Irial Finan bought 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the purchase, the director now directly owns 54,893 shares in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

About Smurfit Westrock

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Smurfit Westrock (NYSE:SW)

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