Van Den Berg Management I Inc. Has $6.04 Million Stake in Smurfit Westrock PLC $SW

Van Den Berg Management I Inc. trimmed its position in shares of Smurfit Westrock PLC (NYSE:SW) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,087 shares of the company’s stock after selling 18,141 shares during the quarter. Van Den Berg Management I Inc.’s holdings in Smurfit Westrock were worth $6,036,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock in the 2nd quarter valued at $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Smurfit Westrock in the 4th quarter valued at $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Smurfit Westrock in the 4th quarter valued at $31,000. McMillan Office Inc. purchased a new stake in Smurfit Westrock in the 4th quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Smurfit Westrock by 4,585.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 937 shares of the company’s stock valued at $36,000 after buying an additional 917 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group lowered their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company lowered their price target on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Royal Bank Of Canada lowered their price target on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group assumed coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target for the company. Finally, Wall Street Zen lowered Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Smurfit Westrock Stock Down 1.0%

Smurfit Westrock stock opened at $44.06 on Wednesday. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The firm has a 50 day moving average price of $40.66 and a 200-day moving average price of $41.17. The company has a market capitalization of $23.11 billion, a P/E ratio of 61.20 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $0.4523 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.1%. Smurfit Westrock’s dividend payout ratio (DPR) is 251.39%.

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.