Smurfit Westrock PLC $SW Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 13.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,380 shares of the company’s stock after selling 14,015 shares during the period. Rathbones Group PLC’s holdings in Smurfit Westrock were worth $3,806,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SW. Zions Bancorporation National Association UT acquired a new position in shares of Smurfit Westrock in the 1st quarter valued at about $29,000. IMA Advisory Services Inc. acquired a new stake in Smurfit Westrock during the first quarter worth about $30,000. Whipplewood Advisors LLC lifted its holdings in Smurfit Westrock by 50.0% in the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after acquiring an additional 342 shares during the last quarter. SVB Wealth LLC acquired a new position in Smurfit Westrock in the first quarter valued at approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Smurfit Westrock by 81.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock valued at $49,000 after acquiring an additional 507 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Wednesday, October 8th. Barclays lowered their price objective on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial dropped their target price on Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. UBS Group began coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a “buy” rating and a $60.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $52.00 price target on shares of Smurfit Westrock in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Buy” and an average price target of $55.30.

Smurfit Westrock Stock Down 0.9%

SW opened at $35.50 on Tuesday. The stock’s 50 day moving average price is $42.10 and its 200 day moving average price is $43.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.95. The stock has a market cap of $18.54 billion, a P/E ratio of 24.83 and a beta of 1.11. Smurfit Westrock PLC has a 12 month low of $35.00 and a 12 month high of $56.99.

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

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 14th will be given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, November 14th. Smurfit Westrock’s dividend payout ratio is currently 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.