Flossbach Von Storch SE Lowers Holdings in Smurfit Westrock PLC (NYSE:SW)

Flossbach Von Storch SE reduced its holdings in Smurfit Westrock PLC (NYSE:SW - Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SW. Norges Bank purchased a new position in Smurfit Westrock in the fourth quarter worth $1,300,041,000. Nuveen Asset Management LLC raised its stake in shares of Smurfit Westrock by 51.6% in the fourth quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock valued at $1,115,996,000 after buying an additional 7,050,781 shares during the period. Boston Partners bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at $304,377,000. FIL Ltd raised its stake in shares of Smurfit Westrock by 68.2% during the 4th quarter. FIL Ltd now owns 10,962,433 shares of the company's stock valued at $590,853,000 after purchasing an additional 4,444,704 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Smurfit Westrock by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock valued at $769,977,000 after purchasing an additional 1,594,939 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the transaction, the director directly owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SW has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank Of Canada cut their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Barclays cut 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. Truist Financial cut their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $57.50.

Smurfit Westrock Stock Performance

Shares of SW traded up $0.63 during trading hours on Thursday, hitting $47.87. The stock had a trading volume of 1,354,612 shares, compared to its average volume of 3,730,732. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99. The firm has a market capitalization of $24.99 billion, a PE ratio of 39.24 and a beta of 1.02. The stock has a fifty day moving average price of $43.83 and a 200 day moving average price of $47.07.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.73 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 company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. The business's revenue was up 161.3% compared to the same quarter last year. Analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were given a dividend of $0.4308 per share. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

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.