Lbp Am Sa Has $7.46 Million Stock Holdings in Smurfit Westrock PLC $SW

Lbp Am Sa trimmed its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 14.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,259 shares of the company’s stock after selling 30,805 shares during the quarter. Lbp Am Sa’s holdings in Smurfit Westrock were worth $7,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank bought a new stake in Smurfit Westrock during the 2nd quarter worth about $749,735,000. Orbis Allan Gray Ltd raised its stake in shares of Smurfit Westrock by 81.9% in the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after acquiring an additional 8,286,205 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Smurfit Westrock by 4,580.7% during the third quarter. Pacer Advisors Inc. now owns 1,861,635 shares of the company’s stock worth $79,250,000 after purchasing an additional 1,821,862 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Smurfit Westrock by 19.7% during the second quarter. Bank of New York Mellon Corp now owns 8,500,852 shares of the company’s stock valued at $366,812,000 after purchasing an additional 1,399,464 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Smurfit Westrock by 1.6% during the second quarter. Vanguard Group Inc. now owns 80,421,330 shares of the company’s stock valued at $3,472,329,000 after purchasing an additional 1,233,997 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SW. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 29th. Morgan Stanley reissued an “overweight” rating on shares of Smurfit Westrock in a research note on Thursday, January 8th. Truist Financial dropped their target price on Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Royal Bank Of Canada set a $51.00 price target on Smurfit Westrock in a report on Thursday, December 18th. Finally, Barclays lowered their price objective on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average target price of $51.60.

Smurfit Westrock Trading Down 0.8%

NYSE:SW opened at $43.46 on Tuesday. 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 $55.82. The firm has a market capitalization of $22.69 billion, a price-to-earnings ratio of 30.39 and a beta of 1.09. The business’s 50-day moving average price is $38.47 and its two-hundred day moving average price is $41.42.

Smurfit Westrock (NYSE:SW) last announced its quarterly 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). The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The firm’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 14th were issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 120.28%.

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.