Smurfit Westrock PLC $SW Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 14.4% in the fourth quarter, Holdings Channel reports. The fund owned 467,402 shares of the company’s stock after selling 78,489 shares during the period. Savant Capital LLC’s holdings in Smurfit Westrock were worth $18,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SW. AQR Capital Management LLC lifted its holdings in shares of Smurfit Westrock by 90.5% in the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after buying an additional 6,378 shares during the period. Integrated Wealth Concepts LLC increased its stake in Smurfit Westrock by 6.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after purchasing an additional 346 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Smurfit Westrock by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after buying an additional 2,698 shares in the last quarter. NewEdge Advisors LLC increased its position in Smurfit Westrock by 192.3% during the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after buying an additional 8,726 shares in the last quarter. Finally, Woodline Partners LP increased its position in Smurfit Westrock by 40.8% during the first quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after buying an additional 12,096 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SW has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on Smurfit Westrock in a report on Tuesday, March 24th. They set a “buy” rating and a $49.00 price objective on the stock. UBS Group reduced their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. JPMorgan Chase & Co. cut their price target on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Citigroup lowered their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $41.15 on Friday. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 57.16 and a beta of 0.95. 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 PLC has a 12-month low of $32.73 and a 12-month high of $52.65. The business has a 50 day simple moving average of $39.94 and a 200 day simple moving average of $40.49.

Smurfit Westrock (NYSE:SW) last released its earnings results 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 return on equity of 4.96% and a net margin of 1.22%.The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. On average, equities research analysts anticipate that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, May 15th. 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.