Credit Agricole S A Has $8.43 Million Stake in Smurfit Westrock PLC $SW

Key Points

• Credit Agricole S A reduced its stake in Smurfit Westrock PLC by 38.4%, owning 187,001 shares worth approximately $8.43 million after selling 116,670 shares.
• Smurfit Westrock has received mixed ratings from analysts, with target price adjustments ranging from $46.00 to $63.00, and a consensus rating of "Moderate Buy" from nine analysts.
• The company recently announced a quarterly dividend of $0.4308 per share, translating to an annualized basis of $1.72, with a current dividend yield of 3.9%.

Credit Agricole S A decreased its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 38.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,001 shares of the company's stock after selling 116,670 shares during the period. Credit Agricole S A's holdings in Smurfit Westrock were worth $8,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. lifted its holdings in Smurfit Westrock by 127,600.0% in the first quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock valued at $57,000 after buying an additional 1,276 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Smurfit Westrock by 1.7% during the fourth quarter. Ameriprise Financial Inc. now owns 9,003,480 shares of the company's stock valued at $484,927,000 after purchasing an additional 149,210 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Smurfit Westrock by 106.3% during the first quarter. QRG Capital Management Inc. now owns 11,709 shares of the company's stock valued at $528,000 after purchasing an additional 6,032 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Smurfit Westrock by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company's stock valued at $2,610,000 after purchasing an additional 1,600 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Smurfit Westrock by 36.5% during the first quarter. Farther Finance Advisors LLC now owns 5,038 shares of the company's stock valued at $230,000 after purchasing an additional 1,346 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Truist Financial upped their target price on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Royal Bank Of Canada lowered their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company upped their target price on shares of Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and upped their target price for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $43.6520 on Friday. The stock has a market capitalization of $22.79 billion, a P/E ratio of 66.14 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm's 50 day moving average is $44.92 and its 200 day moving average is $45.29. 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 announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). The business had revenue of $7.94 billion for the quarter, compared to analysts' expectations of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business's quarterly revenue was up 167.4% on a year-over-year basis. On average, sell-side analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors 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 payout ratio is currently 260.61%.

Smurfit Westrock 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.

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