Lbp Am Sa Trims Stock Holdings in Smurfit Westrock PLC (NYSE:SW)

Lbp Am Sa cut its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 66.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 675,573 shares of the company's stock after selling 1,325,930 shares during the period. Lbp Am Sa owned about 0.13% of Smurfit Westrock worth $30,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SW. University of Texas Texas AM Investment Management Co. acquired a new stake in Smurfit Westrock during the 4th quarter worth about $30,000. Tsfg LLC purchased a new stake in Smurfit Westrock during the 1st quarter worth approximately $30,000. Versant Capital Management Inc increased 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 worth $35,000 after buying an additional 273 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Smurfit Westrock during the 1st quarter worth approximately $40,000. Finally, Huntington National Bank purchased a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $50,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on SW. Barclays decreased their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price objective for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Morgan Stanley increased their target price on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday. Wells Fargo & Company dropped their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial decreased their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus target price of $57.30.

Smurfit Westrock Trading Up 0.6%

NYSE SW opened at $47.13 on Wednesday. The firm's 50 day moving average price is $43.72 and its two-hundred day moving average price is $47.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.43. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 38.63 and a beta of 1.02.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock had a net margin of 1.98% and a return on equity of 7.38%. The company's quarterly revenue was up 161.3% on a year-over-year basis. Equities analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 19th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio is currently 140.98%.

Insiders Place Their Bets

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director directly owned 54,893 shares of the company's stock, valued at $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.49% of the company's stock.

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.

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