Yousif Capital Management LLC Reduces Holdings in Smurfit Westrock PLC $SW

Yousif Capital Management LLC trimmed its stake in Smurfit Westrock PLC (NYSE:SW) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,721 shares of the company’s stock after selling 381 shares during the period. Yousif Capital Management LLC’s holdings in Smurfit Westrock were worth $2,404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in shares of Smurfit Westrock by 5.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company’s stock valued at $1,063,000 after buying an additional 1,150 shares during the last quarter. CWM LLC grew its position in shares of Smurfit Westrock by 58.5% in the 2nd quarter. CWM LLC now owns 7,407 shares of the company’s stock valued at $320,000 after buying an additional 2,735 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Smurfit Westrock by 12.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,657 shares of the company’s stock valued at $1,021,000 after buying an additional 2,568 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Smurfit Westrock in the 2nd quarter valued at $5,813,000. Finally, Blue Trust Inc. grew its position in shares of Smurfit Westrock by 5.1% in the 2nd quarter. Blue Trust Inc. now owns 19,800 shares of the company’s stock valued at $854,000 after buying an additional 966 shares during the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SW. Seaport Res Ptn raised shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Wells Fargo & Company set a $52.00 price objective on shares of Smurfit Westrock and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Truist Financial raised their price objective on shares of Smurfit Westrock from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Morgan Stanley raised their price objective on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $57.90.

Smurfit Westrock Stock Up 0.5%

Shares of NYSE:SW opened at $41.51 on Friday. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 62.89 and a beta of 1.09. The firm’s 50-day simple moving average is $43.88 and its 200-day simple moving average is $43.81. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.12). The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 annualized dividend and a dividend yield of 4.2%. Smurfit Westrock’s payout ratio is presently 260.61%.

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.