Evelyn Partners Investment Management LLP Sells 53,542 Shares of Smurfit Westrock PLC $SW

Evelyn Partners Investment Management LLP trimmed its holdings in Smurfit Westrock PLC (NYSE:SW) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 691,023 shares of the company’s stock after selling 53,542 shares during the quarter. Evelyn Partners Investment Management LLP owned 0.13% of Smurfit Westrock worth $26,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SW. Norges Bank bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $495,335,000. Capital Research Global Investors boosted its position in shares of Smurfit Westrock by 31.2% in the fourth 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 period. Orbis Allan Gray Ltd boosted its position in shares of Smurfit Westrock by 81.9% in the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after acquiring an additional 8,286,205 shares during the period. UBS Group AG boosted its position 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 acquiring an additional 8,218,351 shares during the period. Finally, Franklin Resources Inc. boosted its position 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 acquiring an additional 5,511,887 shares during the period. 83.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SW shares. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Wall Street Zen cut Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. UBS Group reduced their target price on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Citigroup reduced their target price on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $57.00 target price on shares of Smurfit Westrock in a research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Smurfit Westrock Stock Up 1.4%

Shares of SW stock opened at $43.28 on Friday. The stock has a market cap of $22.70 billion, a P/E ratio of 60.11 and a beta of 0.96. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The stock has a fifty day moving average price of $40.46 and a 200 day moving average price of $41.00. 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 (NYSE:SW) last released its quarterly earnings data 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 company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Analysts predict that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is currently 251.39%.

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.