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

WINTON GROUP Ltd cut its position in shares of Smurfit Westrock PLC (NYSE:SWFree Report) by 57.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Several other institutional investors have also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its position in shares of Smurfit Westrock by 74,388.9% during the 4th quarter. Prestige Wealth Management Group LLC now owns 6,704 shares of the company’s stock valued at $259,000 after purchasing an additional 6,695 shares during the last quarter. Avise Financial Cooperative Inc. bought a new position in shares of Smurfit Westrock during the 4th quarter valued at about $214,000. TD Asset Management Inc increased its position in shares of Smurfit Westrock by 48.3% during the 4th quarter. TD Asset Management Inc now owns 280,583 shares of the company’s stock valued at $10,850,000 after purchasing an additional 91,354 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Smurfit Westrock by 64.8% during the 4th quarter. CIBC Asset Management Inc now owns 133,301 shares of the company’s stock valued at $5,155,000 after purchasing an additional 52,418 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Smurfit Westrock by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 9,054,029 shares of the company’s stock valued at $350,119,000 after purchasing an additional 360,078 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Down 1.8%

Shares of SW stock opened at $40.54 on Tuesday. The stock has a market capitalization of $21.26 billion, a PE ratio of 56.30 and a beta of 0.96. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65. The business has a 50-day moving average of $40.29 and a 200 day moving average of $40.82. 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 (NYSE:SWGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SW. Morgan Stanley restated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. Royal Bank Of Canada dropped their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Barclays dropped their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group set a $58.00 target price on Smurfit Westrock in a report on Thursday, February 12th. Finally, Wells Fargo & Company dropped their target price on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

View Our Latest Stock Report on Smurfit Westrock

Smurfit Westrock Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Smurfit Westrock (NYSE:SW)

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