WINTON GROUP Ltd Sells 58,350 Shares of Smurfit Westrock PLC $SW

WINTON GROUP Ltd trimmed its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 57.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,126 shares of the company’s stock after selling 58,350 shares during the quarter. WINTON GROUP Ltd’s holdings in Smurfit Westrock were worth $1,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Smurfit Westrock by 14.6% during the 3rd quarter. State Street Corp now owns 23,806,914 shares of the company’s stock valued at $1,013,474,000 after purchasing an additional 3,027,125 shares during the period. Orbis Allan Gray Ltd raised its stake in shares of Smurfit Westrock by 81.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after purchasing an additional 8,286,205 shares during the period. Geode Capital Management LLC raised its stake in shares of Smurfit Westrock by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after purchasing an additional 155,778 shares during the period. Norges Bank bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $495,335,000. Finally, Franklin Resources Inc. raised its stake in shares of Smurfit Westrock by 94.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,353,140 shares of the company’s stock valued at $482,917,000 after purchasing an additional 5,511,887 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $40.54 on Tuesday. The firm has a market capitalization of $21.26 billion, a P/E ratio of 56.30 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $40.29 and its two-hundred day simple moving average is $40.82. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.Smurfit Westrock’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. As a group, equities analysts anticipate that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $0.4523 per share. The ex-dividend date is Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.5%. Smurfit Westrock’s dividend payout ratio is 251.39%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Jefferies Financial Group set a $58.00 target price on Smurfit Westrock in a research note on Thursday, February 12th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada decreased their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday, May 29th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.