Credit Agricole S A Has $8.43 Million Stock Holdings 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 reduced its stake in Smurfit Westrock PLC (NYSE:SW - Free Report) by 38.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Several other hedge funds also recently made changes to their positions in SW. NBC Securities Inc. increased its position in Smurfit Westrock by 127,600.0% during the first quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock valued at $57,000 after acquiring an additional 1,276 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Smurfit Westrock by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 9,003,480 shares of the company's stock worth $484,927,000 after acquiring an additional 149,210 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Smurfit Westrock by 106.3% in the first quarter. QRG Capital Management Inc. now owns 11,709 shares of the company's stock worth $528,000 after acquiring an additional 6,032 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Smurfit Westrock by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company's stock worth $2,610,000 after acquiring an additional 1,600 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in 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 buying an additional 1,346 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Down 1.5%

Shares of Smurfit Westrock stock traded down $0.72 during trading hours on Wednesday, reaching $45.59. 1,570,307 shares of the company's stock were exchanged, compared to its average volume of 3,746,266. 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 has a market capitalization of $23.80 billion, a price-to-earnings ratio of 69.07 and a beta of 1.06. The company has a fifty day moving average of $45.11 and a 200-day moving average of $45.06. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted 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 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 company's revenue for the quarter was up 167.4% compared to the same quarter last year. Sell-side analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. Smurfit Westrock's payout ratio is 260.61%.

Analysts Set New Price Targets

SW has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Barclays decreased their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Truist Financial upped their price target on 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 cut their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Morgan Stanley increased their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.78.

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.