Smurfit Westrock PLC (NYSE:SW) Stock Holdings Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,047,122 shares of the company's stock after selling 12,079 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Smurfit Westrock worth $47,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Covestor Ltd increased its stake in shares of Smurfit Westrock by 8.9% during the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock worth $124,000 after purchasing an additional 188 shares in the last quarter. Bessemer Group Inc. increased its stake in Smurfit Westrock by 3.0% during the fourth quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock worth $364,000 after acquiring an additional 197 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Smurfit Westrock by 16.6% in the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company's stock worth $75,000 after acquiring an additional 198 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Smurfit Westrock by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock valued at $855,000 after acquiring an additional 225 shares in the last quarter. Finally, Legacy Financial Advisors Inc. boosted its position in Smurfit Westrock by 4.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 5,763 shares of the company's stock valued at $310,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SW. Jefferies Financial Group upgraded 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 report on Monday, June 16th. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada decreased their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Truist Financial decreased their price target 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, Morgan Stanley dropped their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $58.40.

Smurfit Westrock Trading Up 1.4%

Shares of NYSE:SW traded up $0.66 during midday trading on Thursday, reaching $47.84. The company's stock had a trading volume of 1,363,028 shares, compared to its average volume of 4,520,052. The business has a 50 day moving average price of $43.31 and a 200 day moving average price of $47.26. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 39.09 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share 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 business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. Smurfit Westrock's revenue was up 161.3% on a year-over-year basis. Research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

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

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of Smurfit Westrock stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.