Smurfit Westrock PLC (NYSE:SW) Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP reduced its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 81.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 233,292 shares of the company's stock after selling 994,094 shares during the quarter. Smurfit Westrock comprises about 0.3% of ARGA Investment Management LP's holdings, making the stock its 25th largest position. ARGA Investment Management LP's holdings in Smurfit Westrock were worth $10,427,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Smurfit Westrock during the 4th quarter worth $30,000. Tsfg LLC acquired a new position in shares of Smurfit Westrock during the 1st quarter worth $30,000. Versant Capital Management Inc grew its stake in shares of Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after purchasing an additional 273 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of Smurfit Westrock during the 1st quarter worth $40,000. Finally, Huntington National Bank acquired a new position in shares of Smurfit Westrock during the 4th quarter worth $50,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Morgan Stanley upped their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price target for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and an average target price of $57.30.

Insider Transactions at Smurfit Westrock

In other news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the acquisition, the director owned 54,893 shares in the company, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Up 0.6%

NYSE:SW traded up $0.29 on Tuesday, reaching $47.13. The stock had a trading volume of 3,020,646 shares, compared to its average volume of 4,527,980. The company has a market cap of $24.60 billion, a price-to-earnings ratio of 38.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93. The firm's fifty day moving average is $43.63 and its two-hundred day moving average is $47.07. Smurfit Westrock PLC has a 12-month low of $37.01 and a 12-month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a net margin of 1.98% and a return on equity of 7.38%. The firm's revenue for the quarter was up 161.3% on a year-over-year basis. Equities analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is 140.98%.

About Smurfit Westrock

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.