Smurfit Westrock PLC $SW Shares Sold by Arnhold LLC

Key Points

• Arnhold LLC has decreased its stake in Smurfit Westrock PLC by 5.6% in the second quarter, holding now 353,145 shares worth approximately $15.2 million.
• Institutional investors own 83.38% of Smurfit Westrock, with several firms increasing their positions, including a 6.7% hike from the Czech National Bank.
• Analysts have upgraded Smurfit Westrock to a "strong-buy" rating, with an average price target of $57.90 and various price objectives set between $52 and $64.

Arnhold LLC decreased its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,145 shares of the company's stock after selling 20,906 shares during the quarter. Smurfit Westrock accounts for approximately 1.4% of Arnhold LLC's portfolio, making the stock its 25th largest holding. Arnhold LLC owned 0.07% of Smurfit Westrock worth $15,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Czech National Bank boosted its stake in Smurfit Westrock by 6.7% during the 2nd quarter. Czech National Bank now owns 121,218 shares of the company's stock worth $5,231,000 after purchasing an additional 7,657 shares during the last quarter. Centennial Wealth Advisory LLC purchased a new position in shares of Smurfit Westrock during the 2nd quarter worth $481,000. QRG Capital Management Inc. raised its holdings in shares of Smurfit Westrock by 106.3% during the 1st quarter. QRG Capital Management Inc. now owns 11,709 shares of the company's stock worth $528,000 after acquiring an additional 6,032 shares during the period. Foresight Group Ltd Liability Partnership purchased a new position in shares of Smurfit Westrock during the 1st quarter worth $26,028,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Smurfit Westrock by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company's stock worth $2,610,000 after acquiring an additional 1,600 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Seaport Res Ptn upgraded Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $60.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Wells Fargo & Company set a $52.00 price objective on Smurfit Westrock and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Smurfit Westrock in a research report on Wednesday, October 8th. Finally, Barclays dropped their target price on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $57.90.

Smurfit Westrock Stock Performance

NYSE SW opened at $41.51 on Friday. 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 $21.67 billion, a P/E ratio of 62.89 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. The stock has a 50-day moving average of $43.88 and a two-hundred day moving average of $43.81.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock's revenue was up 167.4% compared to the same quarter last year. As a group, analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were given a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.2%. Smurfit Westrock's payout ratio is currently 260.61%.

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.

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