Boston Common Asset Management LLC Sells 92,501 Shares of Smurfit Westrock PLC $SW

Key Points

• Boston Common Asset Management LLC decreased its stake in Smurfit Westrock PLC by 23.6%, selling 92,501 shares in the 2nd quarter, resulting in ownership of 300,134 shares.
• Several analysts have rated Smurfit Westrock with mainly positive outlooks, including nine Buy ratings and a consensus price target of $58.00.
• Smurfit Westrock recently reported $0.45 earnings per share, missing the consensus estimate of $0.57, but achieved significant revenue growth of 167.4% year-over-year.

Boston Common Asset Management LLC reduced its holdings in Smurfit Westrock PLC (NYSE:SW - Free Report) by 23.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,134 shares of the company's stock after selling 92,501 shares during the quarter. Boston Common Asset Management LLC owned 0.06% of Smurfit Westrock worth $12,951,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in shares of Smurfit Westrock in the 1st quarter valued at approximately $29,000. Tsfg LLC acquired a new position in shares of Smurfit Westrock in the 1st quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new position in shares of Smurfit Westrock in the 1st quarter valued at approximately $30,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Smurfit Westrock in the 1st quarter valued at approximately $40,000. Finally, SVB Wealth LLC acquired a new position in shares of Smurfit Westrock in the 1st quarter valued at approximately $49,000. Institutional investors own 83.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SW shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Smurfit Westrock in a research report on Saturday, September 27th. Morgan Stanley boosted their price target on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. UBS Group assumed coverage on Smurfit Westrock in a report on Monday, September 15th. They issued a "buy" rating and a $60.00 price target on the stock. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. Finally, Wells Fargo & Company boosted their price target on Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Smurfit Westrock presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Smurfit Westrock Stock Performance

SW opened at $41.94 on Friday. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99. The firm has a market capitalization of $21.90 billion, a PE ratio of 63.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The business's 50-day simple moving average is $44.57 and its 200 day simple moving average is $44.04.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.88 billion. The company's revenue was up 167.4% compared to the same quarter last year. As a group, sell-side analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, August 15th. Smurfit Westrock's dividend payout ratio is presently 260.61%.

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.

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