Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 138,400 Shares of Smurfit Westrock PLC $SW

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 decreased its stake in Smurfit Westrock PLC (NYSE:SW - Free Report) by 89.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SW. Bank Pictet & Cie Europe AG lifted its stake in Smurfit Westrock by 40.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 42,104 shares of the company's stock valued at $2,268,000 after purchasing an additional 12,166 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Smurfit Westrock by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock valued at $855,000 after purchasing an additional 225 shares during the last quarter. Mariner LLC lifted its stake in Smurfit Westrock by 37.4% in the 4th quarter. Mariner LLC now owns 28,783 shares of the company's stock valued at $1,550,000 after purchasing an additional 7,828 shares during the last quarter. Jump Financial LLC bought a new position in shares of Smurfit Westrock during the fourth quarter valued at $626,000. Finally, NewEdge Advisors LLC raised its stake in shares of Smurfit Westrock by 202.9% during the fourth quarter. NewEdge Advisors LLC now owns 4,538 shares of the company's stock valued at $244,000 after acquiring an additional 3,040 shares during the last quarter. Institutional investors own 83.38% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SW. Royal Bank Of Canada dropped their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Morgan Stanley raised their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their price target 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. Truist Financial raised their price target 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. Finally, Barclays decreased their price objective on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Smurfit Westrock Stock Up 5.0%

NYSE:SW traded up $2.1950 during trading hours on Friday, reaching $45.8850. The company had a trading volume of 3,383,371 shares, compared to its average volume of 3,751,602. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The firm has a market cap of $23.96 billion, a price-to-earnings ratio of 69.51 and a beta of 1.06. The business's 50-day simple moving average is $44.92 and its two-hundred day simple moving average is $45.29. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month 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 company 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 business's revenue for the quarter was up 167.4% compared to the same quarter last year. On average, equities analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 15th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.8%. 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.