National Pension Service decreased its position in Smurfit Westrock PLC (NYSE:SW – Free Report) by 84.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,794 shares of the company’s stock after selling 741,866 shares during the quarter. National Pension Service’s holdings in Smurfit Westrock were worth $5,096,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. International Private Wealth Advisors LLC grew its stake in shares of Smurfit Westrock by 3.5% in the 4th quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock worth $277,000 after acquiring an additional 245 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Smurfit Westrock by 4.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after acquiring an additional 264 shares in the last quarter. AXA S.A. grew its stake in shares of Smurfit Westrock by 1.3% in the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after acquiring an additional 285 shares in the last quarter. Mariner LLC grew its stake in shares of Smurfit Westrock by 0.9% in the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after acquiring an additional 294 shares in the last quarter. Finally, Creative Planning grew its stake in shares of Smurfit Westrock by 5.0% in the 3rd quarter. Creative Planning now owns 7,082 shares of the company’s stock worth $301,000 after acquiring an additional 338 shares in the last quarter. Institutional investors own 83.38% of the company’s stock.
Wall Street Analyst Weigh In
SW has been the topic of a number of research analyst reports. Jefferies Financial Group set a $58.00 price target on shares of Smurfit Westrock in a report on Thursday, February 12th. The Goldman Sachs Group initiated coverage on shares of Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target on the stock. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Barclays cut their price target on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Truist Financial set a $50.00 price target on shares of Smurfit Westrock in a report on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average target price of $53.00.
Smurfit Westrock Price Performance
NYSE SW opened at $41.33 on Tuesday. The company has a market cap of $21.67 billion, a PE ratio of 57.40 and a beta of 0.96. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. 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 firm’s 50-day simple moving average is $40.03 and its two-hundred day simple moving average is $40.57.
Smurfit Westrock (NYSE:SW – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.74 earnings per share. Research analysts predict that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.
Smurfit Westrock Announces Dividend
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 dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.4%. Smurfit Westrock’s dividend payout ratio is 251.39%.
Smurfit Westrock 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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