Charles Schwab Investment Management Inc. Sells 73,401 Shares of Smurfit Westrock PLC (NYSE:SW)

Charles Schwab Investment Management Inc. trimmed its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,924,500 shares of the company's stock after selling 73,401 shares during the period. Charles Schwab Investment Management Inc. owned 0.56% of Smurfit Westrock worth $131,778,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in Smurfit Westrock in the fourth quarter worth about $30,000. Tsfg LLC bought a new position in Smurfit Westrock in the first quarter worth about $30,000. IMA Advisory Services Inc. bought a new position in Smurfit Westrock in the first quarter worth about $30,000. Versant Capital Management Inc lifted its holdings in Smurfit Westrock by 54.0% in the first quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after acquiring an additional 273 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Smurfit Westrock in the first quarter valued at approximately $40,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on SW shares. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and raised their price target for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Barclays dropped 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. Truist Financial raised their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada lowered 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 note on Friday, May 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.00.

Smurfit Westrock Trading Down 3.1%

Smurfit Westrock stock traded down $1.38 during midday trading on Thursday, reaching $43.74. The stock had a trading volume of 2,313,039 shares, compared to its average volume of 3,693,202. The firm's fifty day simple moving average is $44.97 and its two-hundred day simple moving average is $45.74. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 66.27 and a beta of 1.06.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%. The firm's revenue for the quarter was up 167.4% on a year-over-year basis. Equities analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.9%. Smurfit Westrock's dividend payout ratio (DPR) is currently 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.