Smurfit Westrock PLC $SW Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,414,380 shares of the company’s stock after acquiring an additional 282,279 shares during the period. Dimensional Fund Advisors LP owned about 0.85% of Smurfit Westrock worth $187,907,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Smurfit Westrock by 90.5% in the first quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after acquiring an additional 6,378 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Smurfit Westrock by 6.7% during the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after purchasing an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Smurfit Westrock by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock valued at $2,188,000 after purchasing an additional 2,698 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after purchasing an additional 8,726 shares during the period. Finally, Woodline Partners LP lifted its holdings in shares of Smurfit Westrock by 40.8% in the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after purchasing an additional 12,096 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Anthony P. J. Smurfit sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total value of $2,061,600.00. Following the completion of the sale, the chief executive officer directly owned 1,642,610 shares of the company’s stock, valued at approximately $84,660,119.40. This represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ken Bowles sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the transaction, the chief financial officer owned 151,644 shares of the company’s stock, valued at $7,773,271.44. This trade represents a 6.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SW. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Monday, December 29th. Royal Bank Of Canada lifted their price objective on shares of Smurfit Westrock from $51.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Morgan Stanley decreased their target price on shares of Smurfit Westrock from $61.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Citigroup raised their price target on shares of Smurfit Westrock from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.10.

Smurfit Westrock Trading Down 3.8%

NYSE:SW opened at $42.91 on Monday. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 32.26 and a beta of 1.06. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.48. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The business has a fifty day moving average of $44.09 and a 200-day moving average of $41.60.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.63 billion. Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. Smurfit Westrock’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Equities analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.4523 per share. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, February 17th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.2%. Smurfit Westrock’s payout ratio is presently 135.34%.

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.