Smurfit Westrock PLC $SW Stock Holdings Lessened by Incentive AS

Incentive AS lessened its stake in Smurfit Westrock PLC (NYSE:SW) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,022,540 shares of the company’s stock after selling 300,000 shares during the period. Smurfit Westrock accounts for about 100.0% of Incentive AS’s holdings, making the stock its biggest position. Incentive AS’s holdings in Smurfit Westrock were worth $86,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Blackhawk Capital Partners LLC grew its stake in shares of Smurfit Westrock by 6.8% in the 3rd quarter. Blackhawk Capital Partners LLC now owns 5,667 shares of the company’s stock valued at $241,000 after purchasing an additional 360 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Smurfit Westrock by 1.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 228,524 shares of the company’s stock worth $9,728,000 after purchasing an additional 4,213 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Smurfit Westrock by 8.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 970,595 shares of the company’s stock valued at $40,762,000 after buying an additional 74,360 shares during the last quarter. Root Financial Partners LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at $33,000. Finally, Allstate Corp acquired a new position in Smurfit Westrock in the 3rd quarter valued at $774,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Up 4.8%

Shares of NYSE SW opened at $43.78 on Friday. The stock has a market capitalization of $22.86 billion, a price-to-earnings ratio of 30.61 and a beta of 1.09. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $56.05. The firm has a 50-day moving average price of $38.28 and a 200 day moving average price of $41.50. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The company had revenue of $8 billion for the quarter, compared to analyst estimates of $7.89 billion. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 14th were issued a $0.4308 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.9%. Smurfit Westrock’s dividend payout ratio is currently 120.28%.

Analysts Set New Price Targets

Several analysts have recently commented on SW shares. Royal Bank Of Canada set a $51.00 target price on shares of Smurfit Westrock in a research note on Thursday, December 18th. Morgan Stanley reissued an “overweight” rating on shares of Smurfit Westrock in a report on Thursday, January 8th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Argus dropped their target price on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research note on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.60.

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.