Universal Beteiligungs und Servicegesellschaft mbH Sells 90,939 Shares of Smurfit Westrock PLC (NYSE:SW)

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,256,052 shares of the company's stock after selling 90,939 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.24% of Smurfit Westrock worth $56,131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SW. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $30,000. Tsfg LLC bought a new stake in shares of Smurfit Westrock during the 1st quarter valued at $30,000. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 273 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Smurfit Westrock during the 1st quarter valued at $40,000. Finally, Huntington National Bank bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $50,000. 83.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Irial Finan acquired 15,180 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Stock Up 1.7%

SW stock traded up $0.83 on Friday, reaching $48.86. 3,098,021 shares of the company traded hands, compared to its average volume of 3,241,164. Smurfit Westrock PLC has a one year low of $37.01 and a one year 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 company has a market cap of $25.51 billion, a P/E ratio of 40.05 and a beta of 1.02. The firm has a fifty day simple moving average of $44.73 and a 200-day simple moving average of $46.46.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter was up 161.3% on a year-over-year basis. Research analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on SW. Wells Fargo & Company boosted their price objective on Smurfit Westrock from $43.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their target price for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Morgan Stanley boosted their target price on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Barclays lowered their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Finally, Royal Bank Of Canada decreased their target price 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $57.90.

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.