Smurfit Westrock PLC $SW Stake Trimmed by Moore Capital Management LP

Moore Capital Management LP lowered its stake in Smurfit Westrock PLC (NYSE:SW) by 46.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,812 shares of the company’s stock after selling 343,542 shares during the quarter. Moore Capital Management LP owned approximately 0.08% of Smurfit Westrock worth $15,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SW. Sound Income Strategies LLC boosted its position in Smurfit Westrock by 79,790.6% during the 4th quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after acquiring an additional 127,665 shares during the period. BIP Wealth LLC acquired a new stake in Smurfit Westrock during the 4th quarter worth about $2,412,000. Tounjian Advisory Partners LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth about $958,000. Barclays PLC boosted its position in Smurfit Westrock by 152.2% during the 3rd quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock worth $224,333,000 after acquiring an additional 3,180,531 shares during the period. Finally, Distillate Capital Partners LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth about $15,001,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 1.3%

Shares of Smurfit Westrock stock opened at $43.48 on Thursday. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 60.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The stock has a 50-day simple moving average of $40.72 and a 200-day simple moving average of $41.23.

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

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s payout ratio is currently 251.39%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley restated an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Wells Fargo & Company decreased their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Royal Bank Of Canada decreased their price objective on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Citigroup decreased their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

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.