Savant Capital LLC Sells 227,620 Shares of Smurfit Westrock PLC $SW

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

Other hedge funds also recently made changes to their positions in the company. Czech National Bank grew its holdings in Smurfit Westrock by 6.7% during the 2nd quarter. Czech National Bank now owns 121,218 shares of the company’s stock valued at $5,231,000 after buying an additional 7,657 shares in the last quarter. Centennial Wealth Advisory LLC purchased a new stake in shares of Smurfit Westrock in the second quarter worth about $481,000. Foresight Group Ltd Liability Partnership bought a new position in shares of Smurfit Westrock in the first quarter valued at approximately $26,028,000. Allspring Global Investments Holdings LLC grew its stake in Smurfit Westrock by 5.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company’s stock valued at $1,063,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Strs Ohio lifted its stake in Smurfit Westrock by 43.2% in the 2nd quarter. Strs Ohio now owns 49,613 shares of the company’s stock worth $2,141,000 after purchasing an additional 14,959 shares in the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $35.72 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.95. Smurfit Westrock PLC has a one year low of $35.21 and a one year high of $56.99. The business’s 50 day simple moving average is $42.57 and its two-hundred day simple moving average is $43.67. The stock has a market capitalization of $18.65 billion, a P/E ratio of 24.98 and a beta of 1.11.

Smurfit Westrock (NYSE:SW) last issued its 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). Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed 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. This represents a $1.72 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, November 14th. Smurfit Westrock’s dividend payout ratio is 120.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SW shares. Truist Financial reduced their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada lowered their target price on shares of Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Seaport Res Ptn upgraded shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One equities research 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 company’s stock. According to data from MarketBeat.com, Smurfit Westrock has a consensus rating of “Buy” and a consensus price target of $56.90.

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.