Smurfit Westrock PLC $SW Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lessened its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 18.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 384,378 shares of the company’s stock after selling 86,485 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Smurfit Westrock were worth $14,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Research Global Investors lifted its position in shares of Smurfit Westrock by 31.2% during the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after acquiring an additional 8,596,558 shares during the last quarter. State Street Corp raised its stake in Smurfit Westrock by 3.6% during the 4th quarter. State Street Corp now owns 24,652,132 shares of the company’s stock valued at $953,311,000 after purchasing an additional 845,218 shares during the period. Orbis Allan Gray Ltd raised its stake in Smurfit Westrock by 81.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after purchasing an additional 8,286,205 shares during the period. Geode Capital Management LLC raised its stake in Smurfit Westrock by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after purchasing an additional 155,778 shares during the period. Finally, Norges Bank acquired a new stake in Smurfit Westrock during the 4th quarter valued at $495,335,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Down 1.0%

NYSE SW opened at $44.06 on Wednesday. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $23.11 billion, a PE ratio of 61.20 and a beta of 0.96. The firm’s fifty day simple moving average is $40.66 and its 200-day simple moving average is $41.17.

Smurfit Westrock (NYSE:SW) last posted its quarterly 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). Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same period last year, the company posted $0.74 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.4523 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.1%. Smurfit Westrock’s dividend payout ratio is 251.39%.

Wall Street Analysts Forecast Growth

SW has been the topic of several recent analyst reports. Citigroup cut their target price on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Barclays cut their target price on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Royal Bank Of Canada cut their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Finally, Truist Financial set a $50.00 target price on shares of Smurfit Westrock in a research note on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.