Smurfit Westrock PLC $SW Stake Decreased by Lbp Am Sa

Lbp Am Sa lessened its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 84.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,054 shares of the company’s stock after selling 147,205 shares during the period. Lbp Am Sa’s holdings in Smurfit Westrock were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. TD Waterhouse Canada Inc. raised its holdings in shares of Smurfit Westrock by 113.3% during the third quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after buying an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock during the second quarter valued at approximately $29,000. Root Financial Partners LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $33,000. Mather Group LLC. bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $55,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Smurfit Westrock during the second quarter valued at approximately $63,000. Institutional investors own 83.38% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ken Bowles sold 10,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the sale, the chief financial officer owned 151,644 shares in the company, valued at approximately $7,773,271.44. This represents a 6.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total value of $2,061,600.00. Following the sale, the chief executive officer owned 1,642,610 shares of the company’s stock, valued at $84,660,119.40. This trade represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SW shares. Wells Fargo & Company dropped their target price on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Royal Bank Of Canada set a $54.00 target price on Smurfit Westrock and gave the stock an “outperform” rating in a report on Thursday. Citigroup dropped their target price on Smurfit Westrock from $59.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a report on Monday, December 29th. Finally, Truist Financial dropped their target price on Smurfit Westrock from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average target price of $53.91.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $42.28 on Friday. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 31.79 and a beta of 1.06. The stock’s 50 day moving average price is $43.21 and its 200 day moving average price is $40.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.95.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Friday, February 27th. The company reported $0.34 EPS for the quarter. The firm had revenue of $7.58 billion for the quarter. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%. Equities research analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.4523 per share. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, February 17th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.3%. Smurfit Westrock’s payout ratio is currently 136.09%.

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.