Smurfit Westrock PLC (NYSE:SW) Holdings Decreased by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 31.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,467 shares of the company’s stock after selling 1,128 shares during the quarter. Penserra Capital Management LLC’s holdings in Smurfit Westrock were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SW. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Smurfit Westrock during the fourth quarter valued at about $30,000. Tsfg LLC bought a new stake in Smurfit Westrock in the first quarter worth about $30,000. Versant Capital Management Inc raised its position in Smurfit Westrock by 54.0% in the first quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock worth $35,000 after acquiring an additional 273 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Smurfit Westrock in the first quarter worth about $40,000. Finally, Huntington National Bank bought a new stake in Smurfit Westrock in the fourth quarter worth about $50,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SW. Wells Fargo & Company boosted their price target on shares of Smurfit Westrock from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada dropped their price target on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. 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. Morgan Stanley lifted their price target on Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Barclays dropped their price target on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $57.90.

Insider Activity at Smurfit Westrock

In other news, Director Irial Finan purchased 15,180 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $39.21 per share, with a total value of $595,207.80. Following the purchase, the director owned 54,893 shares in the company, valued at $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Trading Down 1.7%

NYSE:SW opened at $47.19 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The stock’s 50-day moving average is $44.10 and its two-hundred day moving average is $46.93. The stock has a market cap of $24.63 billion, a PE ratio of 38.68 and a beta of 1.02.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.41 billion. The business’s revenue for the quarter was up 161.3% on a year-over-year basis. As a group, equities research analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, June 18th. Investors 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 payout ratio is 140.98%.

Smurfit Westrock 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.