Smurfit Westrock PLC $SW Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261,179 shares of the company's stock after selling 160,327 shares during the period. Vontobel Holding Ltd. owned about 0.24% of Smurfit Westrock worth $54,420,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Maryland State Retirement & Pension System grew its stake in shares of Smurfit Westrock by 4.8% during the second quarter. Maryland State Retirement & Pension System now owns 25,321 shares of the company's stock valued at $1,093,000 after acquiring an additional 1,159 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Smurfit Westrock by 11.3% during the second quarter. KLP Kapitalforvaltning AS now owns 196,671 shares of the company's stock valued at $8,486,000 after acquiring an additional 20,000 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Smurfit Westrock by 6,199.6% during the second quarter. Valeo Financial Advisors LLC now owns 658,754 shares of the company's stock valued at $28,425,000 after acquiring an additional 648,297 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Smurfit Westrock by 2.2% during the second quarter. DAVENPORT & Co LLC now owns 58,098 shares of the company's stock valued at $2,507,000 after acquiring an additional 1,236 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in Smurfit Westrock by 4.5% in the second quarter. QRG Capital Management Inc. now owns 12,241 shares of the company's stock worth $528,000 after purchasing an additional 532 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial lifted their price target on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Seaport Res Ptn upgraded Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a research note on Monday. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and lifted their price target for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. UBS Group assumed coverage on Smurfit Westrock in a research note on Monday, September 15th. They issued a "buy" rating and a $60.00 price target for the company. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Smurfit Westrock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $57.80.

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $43.37 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The firm's 50-day moving average price is $44.18 and its two-hundred day moving average price is $43.98. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99. The stock has a market capitalization of $22.64 billion, a P/E ratio of 65.71 and a beta of 1.09.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (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 business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock's quarterly revenue was up 167.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. Smurfit Westrock's dividend payout ratio (DPR) is currently 260.61%.

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.

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