Smurfit Westrock PLC $SW Stock Holdings Decreased by Adams Natural Resources Fund Inc.

Key Points

• Adams Natural Resources Fund Inc. reduced its holding in Smurfit Westrock PLC by 50.4%, now owning 41,300 shares valued at approximately $1.78 million.
• In the second quarter, Smurfit Westrock reported earnings of $0.45 per share, missing estimates, but with a revenue increase of 167.4% year-over-year.
• The company recently announced a quarterly dividend of $0.4308 per share, translating to an annualized yield of 4.0%, despite a high payout ratio of 260.61%.

Adams Natural Resources Fund Inc. reduced its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 50.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,300 shares of the company's stock after selling 42,000 shares during the period. Adams Natural Resources Fund Inc.'s holdings in Smurfit Westrock were worth $1,782,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new position in shares of Smurfit Westrock in the first quarter worth approximately $29,000. IMA Advisory Services Inc. acquired a new stake in shares of Smurfit Westrock during the first quarter worth approximately $30,000. Tsfg LLC acquired a new stake in shares of Smurfit Westrock during the first quarter worth approximately $30,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Smurfit Westrock during the first quarter worth approximately $40,000. Finally, SVB Wealth LLC acquired a new stake in shares of Smurfit Westrock during the first quarter worth approximately $49,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

NYSE SW opened at $42.55 on Wednesday. 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 stock has a market capitalization of $22.22 billion, a PE ratio of 64.48 and a beta of 1.09. The company has a 50 day moving average price of $43.82 and a two-hundred day moving average price of $43.79. Smurfit Westrock PLC has a 12-month low of $37.01 and a 12-month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted 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 net margin of 1.14% and a return on equity of 5.90%. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. The company's revenue was up 167.4% compared to the same quarter last year. As a group, equities analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, August 15th. Smurfit Westrock's payout ratio is presently 260.61%.

Analysts Set New Price Targets

Several analysts recently commented on SW shares. Weiss Ratings restated a "hold (c)" rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Truist Financial raised their price target on shares of Smurfit Westrock from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Morgan Stanley raised their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Seaport Res Ptn upgraded shares of Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $57.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.