Sei Investments Co. Has $59.70 Million Stock Position in Smurfit Westrock PLC $SW

Sei Investments Co. decreased its holdings in Smurfit Westrock PLC (NYSE:SW) by 17.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,497,967 shares of the company’s stock after selling 310,239 shares during the quarter. Sei Investments Co.’s holdings in Smurfit Westrock were worth $59,697,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SW. Norges Bank acquired a new position in Smurfit Westrock in the 4th quarter valued at $495,335,000. Capital Research Global Investors increased its holdings in Smurfit Westrock by 31.2% in 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 buying an additional 8,596,558 shares during the period. Orbis Allan Gray Ltd raised its position in shares of Smurfit Westrock by 81.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after buying an additional 8,286,205 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Smurfit Westrock by 8,132.7% in the 4th quarter. AQR Capital Management LLC now owns 5,724,100 shares of the company’s stock valued at $221,351,000 after buying an additional 5,654,571 shares in the last quarter. Finally, Ruffer LLP lifted its holdings in shares of Smurfit Westrock by 473.3% during the 4th quarter. Ruffer LLP now owns 4,504,151 shares of the company’s stock worth $174,447,000 after acquiring an additional 3,718,562 shares during the period. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Smurfit Westrock from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. UBS Group lowered their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Truist Financial raised their price objective on Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Citigroup boosted their target price on Smurfit Westrock from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Smurfit Westrock in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

Smurfit Westrock Price Performance

Shares of SW opened at $48.67 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The stock has a market cap of $25.52 billion, a PE ratio of 67.59, a PEG ratio of 0.81 and a beta of 0.95. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $52.65. The business has a 50-day simple moving average of $42.89 and a two-hundred day simple moving average of $42.60.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results 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 firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that Smurfit Westrock PLC will post 2.24 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm 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 annualized dividend and a yield of 3.7%. 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.