Mizuho Securities USA LLC Has $2.52 Million Stock Position in Smurfit Westrock Ltd (NYSE:SW)

Mizuho Securities USA LLC raised its stake in Smurfit Westrock Ltd (NYSE:SW) by 46.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,834 shares of the company’s stock after acquiring an additional 14,840 shares during the quarter. Mizuho Securities USA LLC’s holdings in Smurfit Westrock were worth $2,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock during the 4th quarter worth $25,000. Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock during the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its position in Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators bought a new stake in Smurfit Westrock during the 4th quarter worth about $30,000. Finally, Spire Wealth Management acquired a new position in Smurfit Westrock during the 4th quarter valued at about $36,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Barclays raised their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Argus initiated coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Finally, Citigroup upped their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Stock Up 1.7 %

Shares of SW stock opened at $44.94 on Tuesday. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $51.11 and a 200-day moving average of $50.65. The company has a market capitalization of $23.46 billion, a price-to-earnings ratio of 81.71 and a beta of 0.99.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. As a group, equities research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a dividend of $0.4308 per share. The ex-dividend date was Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.83%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is currently 312.73%.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the sale, the insider now directly owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% 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.