Flossbach Von Storch SE Trims Position in Smurfit Westrock PLC (NYSE:SW)

Flossbach Von Storch SE lessened its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 9.1% during the first quarter, according to its most recent 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 period. Flossbach Von Storch SE owned approximately 0.08% of Smurfit Westrock worth $18,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Smurfit Westrock in the 4th quarter worth approximately $30,000. Tsfg LLC bought a new position in shares of Smurfit Westrock during the 1st quarter valued at $30,000. Versant Capital Management Inc raised 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 worth $35,000 after purchasing an additional 273 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of Smurfit Westrock in the first quarter worth about $40,000. Finally, Huntington National Bank purchased a new position in shares of Smurfit Westrock in the fourth quarter worth about $50,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Trading Up 1.7%

Shares of NYSE:SW traded up $0.81 on Thursday, hitting $48.05. 3,103,772 shares of the company's stock were exchanged, compared to its average volume of 4,205,527. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of 39.38 and a beta of 1.02. 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 business's 50 day simple moving average is $43.83 and its two-hundred day simple moving average is $47.07.

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

Smurfit Westrock Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 18th. Stockholders 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 (DPR) is currently 140.98%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SW shares. Wells Fargo & Company lifted their target price on shares of Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Thursday. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price objective for the company from $44.00 to $55.00 in a research report on Monday, June 16th. Royal Bank Of Canada dropped their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Morgan Stanley increased their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Truist Financial decreased their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $57.50.

Insider Activity at Smurfit Westrock

In other news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the purchase, the director directly owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. The trade was a 38.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.

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.