Nordea Investment Management AB Has $211.35 Million Stock Position in Smurfit Westrock PLC $SW

Nordea Investment Management AB reduced its stake in Smurfit Westrock PLC (NYSE:SW) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 5,450,082 shares of the company’s stock after selling 324,141 shares during the period. Nordea Investment Management AB’s holdings in Smurfit Westrock were worth $211,354,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SW. AQR Capital Management LLC lifted its stake in Smurfit Westrock by 90.5% in the first quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after buying an additional 6,378 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Smurfit Westrock by 6.7% during the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after buying an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Smurfit Westrock by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after buying an additional 2,698 shares during the period. NewEdge Advisors LLC increased its stake in shares of Smurfit Westrock by 192.3% in the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock valued at $598,000 after acquiring an additional 8,726 shares during the last quarter. Finally, Woodline Partners LP increased its stake in shares of Smurfit Westrock by 40.8% in the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after acquiring an additional 12,096 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of SW opened at $36.20 on Monday. The stock has a 50 day simple moving average of $44.04 and a 200 day simple moving average of $41.14. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.48. The firm has a market capitalization of $18.98 billion, a PE ratio of 27.22 and a beta of 1.06.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, February 11th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.12). Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%.The company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter last year, the business posted $0.28 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th were issued a dividend of $0.4523 per share. The ex-dividend date was Tuesday, February 17th. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.0%. Smurfit Westrock’s dividend payout ratio (DPR) is 136.09%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Smurfit Westrock from $47.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Truist Financial set a $60.00 target price on shares of Smurfit Westrock in a report on Thursday, February 12th. Morgan Stanley reduced their price target on shares of Smurfit Westrock from $61.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, March 6th. Wells Fargo & Company decreased their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday. Finally, Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus target price of $56.60.

Insiders Place Their Bets

In other Smurfit Westrock news, CFO Ken Bowles sold 10,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the transaction, the chief financial officer owned 151,644 shares in the company, valued at approximately $7,773,271.44. This represents a 6.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of Smurfit Westrock stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $51.54, for a total value of $2,061,600.00. Following the completion of the sale, the chief executive officer directly owned 1,642,610 shares in the company, valued at $84,660,119.40. This represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.46% 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.