Smurfit Westrock PLC (NYSE:SW) Position Lessened by Xponance Inc.

Xponance Inc. decreased its stake in Smurfit Westrock PLC (NYSE:SW - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,439 shares of the company's stock after selling 6,083 shares during the period. Xponance Inc.'s holdings in Smurfit Westrock were worth $4,571,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Smurfit Westrock in the 4th quarter valued at approximately $30,000. Tsfg LLC acquired a new stake in Smurfit Westrock in the 1st quarter valued at approximately $30,000. Versant Capital Management Inc increased its position in Smurfit Westrock by 54.0% in 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 during the period. Smallwood Wealth Investment Management LLC acquired a new stake in Smurfit Westrock in the 1st quarter valued at approximately $40,000. Finally, Huntington National Bank acquired a new stake in Smurfit Westrock in the 4th quarter valued at approximately $50,000. Institutional investors own 83.38% of the company's stock.

Insider Activity

In related news, Director Irial Finan bought 15,180 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the acquisition, the director directly owned 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $47.19 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The business has a fifty day simple moving average of $44.10 and a 200 day simple moving average of $46.88. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of 38.68 and a beta of 1.02.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. The firm's quarterly 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on Smurfit Westrock from $43.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday. Morgan Stanley increased their price target on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Truist Financial increased their price target on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Friday. Royal Bank Of Canada decreased their price target 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, Barclays reduced their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. One 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, the company has an average rating of "Moderate Buy" and an average target price of $57.90.

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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