Moore Capital Management LP trimmed its stake in Smurfit Westrock PLC (NYSE:SW – Free Report) by 46.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 393,812 shares of the company’s stock after selling 343,542 shares during the period. Moore Capital Management LP’s holdings in Smurfit Westrock were worth $15,229,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $28,000. DV Equities LLC bought a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock in the 2nd quarter valued at approximately $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $31,000. Finally, McMillan Office Inc. bought a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $35,000. 83.38% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Royal Bank Of Canada cut their price objective on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $57.00 price target on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Barclays dropped their price target on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company dropped their price target on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 20th. Finally, Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.
Smurfit Westrock Stock Performance
Shares of NYSE SW opened at $43.48 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $40.72 and its two-hundred day moving average is $41.23. The company has a market cap of $22.80 billion, a P/E ratio of 60.39 and a beta of 0.96. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65.
Smurfit Westrock (NYSE:SW – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current year.
Smurfit Westrock Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $0.4523 per share. The ex-dividend date was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.2%. Smurfit Westrock’s payout ratio is currently 251.39%.
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.
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