Flossbach Von Storch SE Sells 41,677 Shares of Smurfit Westrock PLC (NYSE:SW)

Flossbach Von Storch SE cut its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 414,532 shares of the company's stock after selling 41,677 shares during the quarter. Flossbach Von Storch SE owned about 0.08% of Smurfit Westrock worth $18,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SW. University of Texas Texas AM Investment Management Co. acquired a new stake in Smurfit Westrock during the 4th quarter valued at approximately $30,000. Tsfg LLC bought a new stake in Smurfit Westrock during the 1st quarter valued at $30,000. 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. Smallwood Wealth Investment Management LLC bought a new stake in Smurfit Westrock during the 1st quarter valued at $40,000. Finally, Huntington National Bank bought a new stake in shares of Smurfit Westrock in the 4th quarter worth $50,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

SW stock traded down $0.83 during midday trading on Friday, reaching $47.19. 1,852,615 shares of the company's stock traded hands, compared to its average volume of 4,196,152. The company has a 50-day simple moving average of $43.98 and a two-hundred day simple moving average of $47.03. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99. The company has a market cap of $24.63 billion, a price-to-earnings ratio of 38.68 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72.

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

Smurfit Westrock Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th were given a $0.4308 dividend. 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 currently 140.98%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday. Royal Bank Of Canada decreased their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Wells Fargo & Company lifted their target price on Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Barclays decreased their target price on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus price target of $57.90.

Insiders Place Their Bets

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction on Tuesday, May 6th. The shares were purchased 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 owned 54,893 shares in the company, valued at approximately $2,152,354.53. The trade was a 38.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.