Trium Capital LLP Takes Position in Smurfit Westrock PLC $SW

Trium Capital LLP acquired a new stake in shares of Smurfit Westrock PLC (NYSE:SW) in the 4th quarter, HoldingsChannel reports. The fund acquired 23,124 shares of the company’s stock, valued at approximately $894,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Smurfit Westrock by 14.6% during the third quarter. State Street Corp now owns 23,806,914 shares of the company’s stock valued at $1,013,474,000 after acquiring an additional 3,027,125 shares in the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after acquiring an additional 8,286,205 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Smurfit Westrock by 94.4% during the third quarter. Franklin Resources Inc. now owns 11,353,140 shares of the company’s stock valued at $482,917,000 after acquiring an additional 5,511,887 shares in the last quarter. UBS Group AG raised its holdings in shares of Smurfit Westrock by 272.0% during the third quarter. UBS Group AG now owns 11,240,153 shares of the company’s stock valued at $478,493,000 after acquiring an additional 8,218,351 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Smurfit Westrock by 2.5% during the third quarter. Invesco Ltd. now owns 10,083,045 shares of the company’s stock valued at $429,235,000 after acquiring an additional 246,041 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Smurfit Westrock news, CEO Anthony P. J. Smurfit sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total transaction of $2,061,600.00. Following the completion of the transaction, the chief executive officer owned 1,642,610 shares of the company’s stock, valued at approximately $84,660,119.40. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ken Bowles sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.26, for a total transaction of $512,600.00. Following the transaction, the chief financial officer directly owned 151,644 shares of the company’s stock, valued at $7,773,271.44. This represents a 6.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is currently owned by company insiders.

Smurfit Westrock Price Performance

SW opened at $42.20 on Friday. The stock has a fifty day simple moving average of $43.31 and a two-hundred day simple moving average of $40.70. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 31.73 and a beta of 1.06. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $52.65.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $7.58 billion during the quarter. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%. Research analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.4523 per share. 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 4.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Smurfit Westrock’s payout ratio is 136.09%.

Analyst Upgrades and Downgrades

SW has been the subject of a number of recent analyst reports. Zacks Research downgraded Smurfit Westrock from a “hold” rating to a “strong sell” rating in a report on Tuesday. Citigroup increased their price target on shares of Smurfit Westrock from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. The Goldman Sachs Group assumed coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target for the company. Morgan Stanley decreased their price target on shares of Smurfit Westrock from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, March 6th. Finally, Barclays decreased their price target on shares of Smurfit Westrock from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.73.

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.