Citizens Financial Group Inc. RI Has $623,000 Stake in Smurfit Westrock Ltd (NYSE:SW)

Citizens Financial Group Inc. RI grew its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 10.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,565 shares of the company’s stock after buying an additional 1,048 shares during the period. Citizens Financial Group Inc. RI’s holdings in Smurfit Westrock were worth $623,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SW. Janney Montgomery Scott LLC bought a new position in Smurfit Westrock in the third quarter worth $1,605,000. Assetmark Inc. bought a new position in Smurfit Westrock during the third quarter worth about $59,000. Atria Investments Inc acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $362,000. Axxcess Wealth Management LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $221,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $754,000. Institutional investors own 83.38% of the company’s stock.

Insider Activity at Smurfit Westrock

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

Smurfit Westrock Stock Performance

SW stock opened at $43.41 on Friday. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve 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 company has a market cap of $22.60 billion, a P/E ratio of 78.94 and a beta of 0.99. The business’s fifty day moving average is $52.12 and its 200-day moving average is $50.67.

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

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a dividend of $0.4308 per share. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.97%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 312.73%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SW shares. Barclays increased their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday. Citigroup lifted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Finally, Truist Financial assumed coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 target price for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.70.

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.