Smurfit Westrock PLC $SW Shares Sold by SWS Partners

SWS Partners reduced its position in Smurfit Westrock PLC (NYSE:SW) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,885 shares of the company’s stock after selling 1,115 shares during the quarter. SWS Partners’ holdings in Smurfit Westrock were worth $2,757,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SW. Wealth Enhancement Advisory Services LLC raised its stake in shares of Smurfit Westrock by 24.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 114,732 shares of the company’s stock worth $6,179,000 after purchasing an additional 22,430 shares during the last quarter. First Hawaiian Bank raised its stake in shares of Smurfit Westrock by 7.4% during the first quarter. First Hawaiian Bank now owns 18,661 shares of the company’s stock worth $841,000 after purchasing an additional 1,287 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Smurfit Westrock by 54.0% during the first quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock worth $35,000 after purchasing an additional 273 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Smurfit Westrock by 7.5% during the first quarter. Moody National Bank Trust Division now owns 14,746 shares of the company’s stock worth $664,000 after purchasing an additional 1,028 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Smurfit Westrock by 3,720.2% during the first quarter. GAMMA Investing LLC now owns 258,014 shares of the company’s stock worth $11,626,000 after purchasing an additional 251,260 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SW shares. UBS Group started coverage on Smurfit Westrock in a research report on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective for the company. Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Truist Financial increased their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley increased their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Smurfit Westrock Trading Down 0.3%

Shares of SW stock opened at $42.13 on Monday. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The stock has a market cap of $22.00 billion, a P/E ratio of 63.84 and a beta of 1.04. The business has a fifty day simple moving average of $45.07 and a 200-day simple moving average of $44.13. 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 (NYSE:SW) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.88 billion. The business’s quarterly revenue was up 167.4% compared to the same quarter last year. On average, analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were given a $0.4308 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.1%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 260.61%.

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.