Smurfit Westrock PLC $SW Stock Position Decreased by Nuveen LLC

Nuveen LLC cut its position in shares of Smurfit Westrock PLC (NYSE:SW) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,273,203 shares of the company’s stock after selling 1,257,582 shares during the period. Nuveen LLC’s holdings in Smurfit Westrock were worth $861,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock during the 2nd quarter worth about $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth about $28,000. Clearstead Advisors LLC raised its stake in shares of Smurfit Westrock by 231.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock worth $51,000 after purchasing an additional 927 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Smurfit Westrock during the 2nd quarter worth about $63,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth about $61,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SW has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Smurfit Westrock in a research note on Tuesday, March 24th. They set a “buy” rating and a $49.00 price target for the company. Jefferies Financial Group set a $58.00 price target on Smurfit Westrock in a research note on Thursday, February 12th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. 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 research note on Friday, March 20th. Finally, Citigroup cut their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Stock Up 9.5%

Shares of SW stock opened at $42.65 on Friday. The stock’s 50 day simple moving average is $40.40 and its 200 day simple moving average is $40.98. 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 PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 59.24 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share 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 during the quarter, compared to the consensus estimate of $7.57 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, research analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 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.