Smurfit Westrock PLC $SW Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 82.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,628 shares of the company’s stock after selling 68,052 shares during the period. SG Americas Securities LLC’s holdings in Smurfit Westrock were worth $623,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Smurfit Westrock during the second quarter worth $29,000. Rexford Capital Inc. purchased a new position in Smurfit Westrock in the 2nd quarter worth about $35,000. Whipplewood Advisors LLC raised its holdings in Smurfit Westrock by 50.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after buying an additional 342 shares during the period. Groupe la Francaise purchased a new stake in Smurfit Westrock during the second quarter valued at about $51,000. Finally, Mather Group LLC. acquired a new position in shares of Smurfit Westrock in the third quarter worth about $55,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Trading Down 0.5%

NYSE SW opened at $41.72 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $56.05. The firm’s fifty day simple moving average is $38.09 and its 200-day simple moving average is $41.56. The company has a market capitalization of $21.79 billion, a PE ratio of 29.18 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The firm had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SW shares. Royal Bank Of Canada set a $51.00 price target on shares of Smurfit Westrock in a report on Thursday, December 18th. Barclays lowered their price objective on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 29th. Finally, Argus dropped their price target on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s 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.

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.