Savant Capital LLC Has $23.57 Million Stock Holdings in Smurfit Westrock PLC $SW

Savant Capital LLC reduced its stake in Smurfit Westrock PLC (NYSE:SW) by 29.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 546,109 shares of the company’s stock after selling 227,620 shares during the period. Savant Capital LLC owned 0.10% of Smurfit Westrock worth $23,565,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Smurfit Westrock by 0.4% during the first quarter. Vanguard Group Inc. now owns 79,187,333 shares of the company’s stock valued at $3,564,678,000 after acquiring an additional 316,074 shares in the last quarter. Nuveen LLC acquired a new stake in Smurfit Westrock in the 1st quarter valued at $1,051,299,000. Invesco Ltd. increased its stake in Smurfit Westrock by 4.0% during the 1st quarter. Invesco Ltd. now owns 10,244,072 shares of the company’s stock valued at $461,598,000 after purchasing an additional 395,015 shares in the last quarter. Orbis Allan Gray Ltd raised its holdings in Smurfit Westrock by 74.8% during the first quarter. Orbis Allan Gray Ltd now owns 10,114,213 shares of the company’s stock worth $455,746,000 after buying an additional 4,329,653 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Smurfit Westrock by 19.7% during the second quarter. Bank of New York Mellon Corp now owns 8,500,852 shares of the company’s stock valued at $366,812,000 after buying an additional 1,399,464 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

SW has been the subject of several recent research reports. Royal Bank Of Canada decreased their target price on shares of Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Wells Fargo & Company decreased their price objective on Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Seaport Res Ptn upgraded Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Truist Financial lowered their price target on Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $56.90.

Smurfit Westrock Stock Down 0.9%

SW opened at $35.72 on Friday. Smurfit Westrock PLC has a twelve month low of $35.21 and a twelve month high of $56.99. The company’s 50-day moving average price is $42.57 and its two-hundred day moving average price is $43.67. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of 24.98 and a beta of 1.11. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, equities analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.4308 per share. The ex-dividend date is Friday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.8%. Smurfit Westrock’s dividend payout ratio is presently 120.28%.

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.