M&T Bank Corp trimmed its stake in Smurfit Westrock PLC (NYSE:SW - Free Report) by 29.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,605 shares of the company's stock after selling 17,950 shares during the quarter. M&T Bank Corp's holdings in Smurfit Westrock were worth $1,915,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG grew its holdings in shares of Smurfit Westrock by 40.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 42,104 shares of the company's stock valued at $2,268,000 after buying an additional 12,166 shares during the last quarter. Assetmark Inc. lifted its position in Smurfit Westrock by 16.6% in the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after acquiring an additional 198 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Smurfit Westrock during the 4th quarter valued at about $1,395,000. PNC Financial Services Group Inc. increased its holdings in Smurfit Westrock by 13.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 48,800 shares of the company's stock worth $2,628,000 after purchasing an additional 5,629 shares in the last quarter. Finally, Independent Advisor Alliance increased its holdings in Smurfit Westrock by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 6,421 shares of the company's stock worth $346,000 after purchasing an additional 330 shares in the last quarter. 83.38% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
SW has been the subject of a number of research reports. Royal Bank Of Canada reduced their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company increased their price target on shares of Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Barclays reduced their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price objective for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Finally, Morgan Stanley upped their price target on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average price target of $57.90.
Read Our Latest Research Report on Smurfit Westrock
Smurfit Westrock Stock Performance
SW traded up $0.47 during midday trading on Wednesday, reaching $45.87. The company had a trading volume of 2,491,924 shares, compared to its average volume of 3,695,478. The business has a 50-day moving average of $44.35 and a two-hundred day moving average of $46.81. 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 PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The company has a market cap of $23.94 billion, a P/E ratio of 37.60 and a beta of 1.02.
Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results 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 net margin of 1.98% and a return on equity of 7.38%. The company 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% compared to the same quarter last year. As a group, equities research 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. Stockholders 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 payout ratio is 140.98%.
Insider Buying and Selling at Smurfit Westrock
In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the business'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 purchase, the director owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.49% of the company's stock.
About Smurfit Westrock
(
Free Report)
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.
Recommended Stories

Before you consider Smurfit Westrock, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smurfit Westrock wasn't on the list.
While Smurfit Westrock currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.