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

Lombard Odier Asset Management Europe Ltd cut its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 384,378 shares of the company’s stock after selling 86,485 shares during the period. Lombard Odier Asset Management Europe Ltd owned approximately 0.07% of Smurfit Westrock worth $14,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Private Wealth Advisors LLC boosted its position in shares of Smurfit Westrock by 3.5% during the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock worth $277,000 after buying an additional 245 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Smurfit Westrock by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after buying an additional 264 shares during the period. AXA S.A. boosted its position in shares of Smurfit Westrock by 1.3% during the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after buying an additional 285 shares during the period. Mariner LLC lifted its position in Smurfit Westrock by 0.9% in the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after purchasing an additional 294 shares during the period. Finally, Creative Planning lifted its position in Smurfit Westrock by 5.0% in the third quarter. Creative Planning now owns 7,082 shares of the company’s stock worth $301,000 after purchasing an additional 338 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SW has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price 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. UBS Group cut 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. Barclays cut their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Royal Bank Of Canada cut their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Ten 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, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $44.06 on Wednesday. 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 of $40.66 and a 200-day moving average of $41.17. The company has a market capitalization of $23.11 billion, a PE ratio of 61.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter last year, the company posted $0.74 EPS. Smurfit Westrock’s revenue was up .7% on a year-over-year basis. As a group, equities analysts anticipate that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

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

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.