Smurfit Westrock PLC $SW Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC reduced its position in Smurfit Westrock PLC (NYSE:SW) by 53.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,591 shares of the company’s stock after selling 160,543 shares during the quarter. Boston Common Asset Management LLC’s holdings in Smurfit Westrock were worth $5,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SW. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Smurfit Westrock by 8.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 970,595 shares of the company’s stock worth $40,762,000 after buying an additional 74,360 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Smurfit Westrock in the third quarter worth about $33,000. Allstate Corp purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $774,000. Amalgamated Bank grew its stake in shares of Smurfit Westrock by 2.0% during the third quarter. Amalgamated Bank now owns 98,978 shares of the company’s stock worth $4,213,000 after acquiring an additional 1,919 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Smurfit Westrock by 42.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,239,822 shares of the company’s stock valued at $52,779,000 after acquiring an additional 372,177 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SW. Citigroup lowered their target price on shares of Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Barclays lowered their price objective on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. JPMorgan Chase & Co. upped their target price on Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Wells Fargo & Company reduced their target price on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, January 6th. Finally, Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.60.

Smurfit Westrock Stock Performance

NYSE SW opened at $41.83 on Thursday. The firm has a market capitalization of $21.84 billion, a P/E ratio of 29.25 and a beta of 1.09. The stock has a 50-day simple moving average of $37.95 and a two-hundred day simple moving average of $41.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.48. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $56.05.

Smurfit Westrock (NYSE:SW) last posted 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). The company had revenue of $8 billion for the quarter, compared to analyst estimates of $7.89 billion. Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 14th were issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, November 14th. Smurfit Westrock’s payout ratio is 120.28%.

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.