Evelyn Partners Investment Management Services Ltd Sells 19,927 Shares of Smurfit Westrock PLC $SW

Evelyn Partners Investment Management Services Ltd cut its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 20.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,727 shares of the company’s stock after selling 19,927 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Smurfit Westrock were worth $3,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC boosted its position in shares of Smurfit Westrock by 79,790.6% in the 4th quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after purchasing an additional 127,665 shares in the last quarter. BIP Wealth LLC bought a new stake in Smurfit Westrock in the 4th quarter worth about $2,412,000. AE Wealth Management LLC grew its stake in shares of Smurfit Westrock by 9.1% in the fourth quarter. AE Wealth Management LLC now owns 369,652 shares of the company’s stock worth $14,294,000 after acquiring an additional 30,804 shares during the period. Howard Capital Management Inc. bought a new position in shares of Smurfit Westrock during the 4th quarter valued at $924,000. Finally, Horizon Investments LLC lifted its holdings in Smurfit Westrock by 1,042.7% in the fourth quarter. Horizon Investments LLC now owns 207,429 shares of the company’s stock valued at $8,021,000 after acquiring an additional 189,276 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Up 3.1%

SW stock opened at $50.06 on Tuesday. The business’s 50-day moving average price is $43.15 and its 200-day moving average price is $42.68. The stock has a market cap of $26.25 billion, a P/E ratio of 69.52, a PEG ratio of 0.81 and a beta of 0.95. 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 twelve month low of $32.73 and a twelve month high of $52.65.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Smurfit Westrock PLC will post 2.24 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is presently 250.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price target on shares of Smurfit Westrock from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Truist Financial lifted their price target on shares of Smurfit Westrock from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Finally, Barclays cut their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Smurfit Westrock Company 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.