Mutual of America Capital Management LLC Has $2.59 Million Stake in Smurfit Westrock PLC (NYSE:SW)

Mutual of America Capital Management LLC decreased its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,488 shares of the company’s stock after selling 1,701 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Smurfit Westrock were worth $2,590,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SW. Covestor Ltd boosted its stake in Smurfit Westrock by 8.9% during the 4th quarter. Covestor Ltd now owns 2,308 shares of the company’s stock worth $124,000 after acquiring an additional 188 shares during the last quarter. Bessemer Group Inc. boosted its stake 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. Rockefeller Capital Management L.P. boosted its stake 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. Legacy Financial Advisors Inc. increased its holdings in shares of Smurfit Westrock by 4.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 5,763 shares of the company’s stock worth $310,000 after acquiring an additional 235 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Smurfit Westrock by 54.0% in the first quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock valued at $35,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insiders Place Their Bets

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the transaction, the director owned 54,893 shares in the company, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on SW shares. Royal Bank Of Canada cut their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Barclays decreased their price objective on shares of Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Jefferies Financial Group raised shares of Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their target price for the company from $44.00 to $55.00 in a research report on Monday, June 16th. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company upped their price objective on shares of Smurfit Westrock from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.90.

Smurfit Westrock Trading Down 2.6%

Shares of Smurfit Westrock stock opened at $44.87 on Friday. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The firm has a market cap of $23.42 billion, a PE ratio of 36.78 and a beta of 1.02. The stock has a fifty day moving average price of $44.62 and a 200-day moving average price of $46.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. The firm’s quarterly revenue was up 161.3% on a year-over-year basis. Equities research analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors 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%.

Smurfit Westrock Company 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.