Smurfit Westrock PLC $SW Shares Sold by SWS Partners

SWS Partners reduced its position in Smurfit Westrock PLC (NYSE:SW) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,885 shares of the company’s stock after selling 1,115 shares during the quarter. SWS Partners’ holdings in Smurfit Westrock were worth $2,757,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. grew its position in Smurfit Westrock by 127,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,277 shares of the company’s stock valued at $57,000 after acquiring an additional 1,276 shares in the last quarter. Czech National Bank grew its position in Smurfit Westrock by 6.7% in the 2nd quarter. Czech National Bank now owns 121,218 shares of the company’s stock valued at $5,231,000 after acquiring an additional 7,657 shares in the last quarter. QRG Capital Management Inc. grew its position in Smurfit Westrock by 106.3% in the 1st quarter. QRG Capital Management Inc. now owns 11,709 shares of the company’s stock valued at $528,000 after acquiring an additional 6,032 shares in the last quarter. Foresight Group Ltd Liability Partnership acquired a new position in Smurfit Westrock in the 1st quarter valued at about $26,028,000. Finally, State of Alaska Department of Revenue grew its position in Smurfit Westrock by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company’s stock valued at $2,610,000 after acquiring an additional 1,600 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SW shares. Jefferies Financial Group raised Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Wells Fargo & Company boosted their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Morgan Stanley boosted their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Truist Financial boosted their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, Barclays lowered their price objective on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Stock Performance

Shares of SW opened at $42.13 on Monday. The stock has a 50 day moving average price of $45.07 and a 200 day moving average price of $44.13. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 63.84 and a beta of 1.04. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The firm’s revenue for the quarter was up 167.4% compared to the same quarter last year. Research analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock’s dividend payout ratio is presently 260.61%.

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.