Amundi Has $189.76 Million Stake in Smurfit Westrock PLC $SW

Amundi lowered its position in shares of Smurfit Westrock PLC (NYSE:SW) by 19.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,022,097 shares of the company’s stock after selling 1,000,242 shares during the period. Amundi owned about 0.77% of Smurfit Westrock worth $189,763,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SW. Zions Bancorporation National Association UT bought a new stake in shares of Smurfit Westrock during the first quarter worth about $29,000. Whipplewood Advisors LLC raised its holdings in Smurfit Westrock by 50.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after buying an additional 342 shares during the last quarter. SVB Wealth LLC acquired a new stake in Smurfit Westrock during the 1st quarter worth approximately $49,000. MassMutual Private Wealth & Trust FSB grew its holdings in Smurfit Westrock by 81.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock worth $49,000 after acquiring an additional 507 shares during the last quarter. Finally, Groupe la Francaise bought a new stake in Smurfit Westrock during the 2nd quarter worth approximately $51,000. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SW shares. Wells Fargo & Company dropped their price target on shares of Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 1st. Royal Bank Of Canada cut their target price on Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Zacks Research cut Smurfit Westrock from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Finally, Seaport Res Ptn upgraded Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.56.

Smurfit Westrock Stock Performance

SW stock opened at $36.08 on Friday. The stock has a 50-day moving average price of $38.36 and a 200-day moving average price of $42.51. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $56.05. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm has a market cap of $18.84 billion, a PE ratio of 25.23 and a beta of 1.10.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The business had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, November 14th. Smurfit Westrock’s dividend payout ratio is presently 120.28%.

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.