Smurfit Westrock PLC $SW Holdings Decreased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Smurfit Westrock PLC by 89.2%, selling 138,400 shares, and now holds only 16,800 shares valued at approximately $757,000.
• Institutional investors own 83.38% of Smurfit Westrock shares, with multiple hedge funds increasing their positions during the first quarter.
• Smurfit Westrock recently reported earnings of $0.45 per share, falling short of consensus estimates, and announced a quarterly dividend of $0.4308 with a yield of 4.0%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 89.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,800 shares of the company's stock after selling 138,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Smurfit Westrock were worth $757,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new stake in Smurfit Westrock during the 4th quarter valued at $30,000. Zions Bancorporation National Association UT bought a new stake in Smurfit Westrock during the 1st quarter valued at $29,000. IMA Advisory Services Inc. bought a new stake in Smurfit Westrock during the 1st quarter valued at $30,000. Tsfg LLC bought a new stake in Smurfit Westrock during the 1st quarter valued at $30,000. Finally, Versant Capital Management Inc raised its stake in Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock valued at $35,000 after acquiring an additional 273 shares in the last quarter. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Trading Up 4.6%

Shares of Smurfit Westrock stock traded up $1.9970 on Friday, reaching $45.6870. 4,850,915 shares of the company were exchanged, compared to its average volume of 4,298,755. The stock has a fifty day moving average price of $44.99 and a 200-day moving average price of $45.17. The firm has a market capitalization of $23.85 billion, a price-to-earnings ratio of 69.22 and a beta of 1.06. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $7.94 billion for 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 business's revenue was up 167.4% on a year-over-year basis. On average, analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 yield of 3.8%. Smurfit Westrock's payout ratio is presently 260.61%.

Analysts Set New Price Targets

SW has been the topic of several recent analyst reports. Truist Financial lifted their target price on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Royal Bank Of Canada dropped their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Barclays dropped their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Smurfit Westrock has an average 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.