ABN AMRO Bank N.V. Cuts Stock Position in Smurfit Westrock PLC $SW

ABN AMRO Bank N.V. trimmed its position in shares of Smurfit Westrock PLC (NYSE:SWFree Report) by 32.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,429 shares of the company’s stock after selling 13,575 shares during the period. ABN AMRO Bank N.V.’s holdings in Smurfit Westrock were worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd increased its stake in Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after purchasing an additional 8,286,205 shares during the period. UBS Group AG boosted its stake in shares of Smurfit Westrock by 272.0% in the third quarter. UBS Group AG now owns 11,240,153 shares of the company’s stock valued at $478,493,000 after purchasing an additional 8,218,351 shares during the period. Franklin Resources Inc. boosted its stake in shares of Smurfit Westrock by 94.4% in the third quarter. Franklin Resources Inc. now owns 11,353,140 shares of the company’s stock valued at $482,917,000 after purchasing an additional 5,511,887 shares during the period. Ruffer LLP grew its holdings in shares of Smurfit Westrock by 473.3% in the fourth quarter. Ruffer LLP now owns 4,504,151 shares of the company’s stock valued at $174,447,000 after purchasing an additional 3,718,562 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Smurfit Westrock by 152.2% in the third quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock valued at $224,333,000 after purchasing an additional 3,180,531 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Wall Street Zen lowered Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley reiterated an “overweight” rating and issued a $57.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Finally, Truist Financial set a $50.00 target price on Smurfit Westrock in a report on Friday, May 1st. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.18.

Get Our Latest Stock Report on Smurfit Westrock

Insiders Place Their Bets

In other news, CFO Ken Bowles sold 10,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.26, for a total value of $512,600.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.54, for a total value of $2,061,600.00. Following the sale, the chief executive officer directly owned 1,642,610 shares in the company, 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 owned by company insiders.

Smurfit Westrock Stock Down 1.4%

Shares of Smurfit Westrock stock opened at $40.95 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The company has a market capitalization of $21.47 billion, a P/E ratio of 56.87 and a beta of 0.95. The company has a 50 day moving average of $40.99 and a 200 day moving average of $40.51.

Smurfit Westrock (NYSE:SWGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, research analysts forecast that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $0.4523 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a yield of 4.4%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.

Smurfit Westrock 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.

Further Reading

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

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