Smurfit Westrock PLC $SW Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 49.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,554 shares of the company’s stock after selling 2,484 shares during the quarter. Farther Finance Advisors LLC’s holdings in Smurfit Westrock were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CX Institutional lifted its stake in shares of Smurfit Westrock by 1,835.0% during the second quarter. CX Institutional now owns 2,709 shares of the company’s stock worth $117,000 after purchasing an additional 2,569 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Smurfit Westrock by 209.0% during the second quarter. Diversified Trust Co now owns 24,160 shares of the company’s stock worth $1,043,000 after purchasing an additional 16,340 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Smurfit Westrock during the second quarter worth about $425,000. International Private Wealth Advisors LLC acquired a new position in shares of Smurfit Westrock during the second quarter worth about $329,000. Finally, Moody National Bank Trust Division lifted its stake in shares of Smurfit Westrock by 1.7% during the second quarter. Moody National Bank Trust Division now owns 15,001 shares of the company’s stock worth $647,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Barclays cut 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. Truist Financial boosted 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. Finally, UBS Group began coverage on Smurfit Westrock in a research note on Monday, September 15th. They issued a “buy” rating and a $60.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Stock Up 0.1%

NYSE:SW opened at $41.94 on Friday. The firm has a market capitalization of $21.90 billion, a PE ratio of 63.54 and a beta of 1.09. The stock has a 50 day moving average of $44.57 and a 200-day moving average of $44.05. Smurfit Westrock PLC has a 52 week low of $37.01 and a 52 week high of $56.99. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data 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 revenue for the quarter was up 167.4% on a year-over-year basis. Analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were issued a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock’s dividend payout ratio is 260.61%.

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.