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

LBP AM SA decreased its holdings in Smurfit Westrock PLC (NYSE:SW - Free Report) by 66.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 675,573 shares of the company's stock after selling 1,325,930 shares during the quarter. 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 have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Smurfit Westrock during the fourth quarter valued at $30,000. Tsfg LLC bought a new position in shares of Smurfit Westrock during the first quarter valued at $30,000. Versant Capital Management Inc increased its holdings in Smurfit Westrock by 54.0% in 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 bought a new stake in Smurfit Westrock in the 1st quarter worth about $40,000. Finally, Huntington National Bank bought a new stake in Smurfit Westrock in the 4th quarter worth about $50,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

Shares of SW stock traded down $0.83 during trading hours on Friday, reaching $47.19. 1,852,615 shares of the company traded hands, compared to its average volume of 4,013,039. Smurfit Westrock PLC has a 12-month low of $37.01 and a 12-month high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93. The company has a market cap of $24.63 billion, a P/E ratio of 38.68 and a beta of 1.02. The firm has a 50-day moving average price of $44.10 and a 200 day moving average price of $46.93.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The firm had revenue of $7.66 billion for the quarter, compared to analysts' expectations of $7.41 billion. The firm's revenue was up 161.3% on a year-over-year basis. As a group, sell-side analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently declared 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 was Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio is presently 140.98%.

Insider Buying and Selling

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $39.21 per share, with a total value of $595,207.80. Following the acquisition, the director owned 54,893 shares in the company, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SW shares. Barclays reduced 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. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Morgan Stanley lifted their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Truist Financial lifted their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus target price of $57.90.

About Smurfit Westrock

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.