Smurfit Westrock PLC $SW Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in Smurfit Westrock PLC (NYSE:SW) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 467,402 shares of the company’s stock after selling 78,489 shares during the quarter. Savant Capital LLC owned 0.09% of Smurfit Westrock worth $18,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in shares of Smurfit Westrock by 79,790.6% during the fourth 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 during the period. BIP Wealth LLC purchased a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $2,412,000. Tounjian Advisory Partners LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $958,000. Barclays PLC increased its position in shares of Smurfit Westrock by 152.2% in the third quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock valued at $224,333,000 after buying an additional 3,180,531 shares in the last quarter. Finally, Distillate Capital Partners LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $15,001,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Up 0.3%

SW opened at $41.15 on Friday. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The company has a market cap of $21.58 billion, a P/E ratio of 57.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The business’s 50-day simple moving average is $39.94 and its 200-day simple moving average is $40.49.

Smurfit Westrock (NYSE:SW) last released 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 business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a $0.4523 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.4%. Smurfit Westrock’s dividend payout ratio is 251.39%.

Wall Street Analysts Forecast Growth

SW has been the subject of several research reports. Truist Financial set a $50.00 price target on Smurfit Westrock in a research report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Jefferies Financial Group set a $58.00 price target on Smurfit Westrock in a research note on Thursday, February 12th. JPMorgan Chase & Co. cut their price objective on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, Wells Fargo & Company cut their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus target price of $53.00.

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.