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

Boston Common Asset Management LLC reduced its position in shares of Smurfit Westrock PLC (NYSE:SW) by 53.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Smurfit Westrock in the 2nd quarter worth about $29,000. Root Financial Partners LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $33,000. Rexford Capital Inc. acquired a new position in shares of Smurfit Westrock during the 2nd quarter worth approximately $35,000. Whipplewood Advisors LLC lifted its position in shares of Smurfit Westrock by 50.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after buying an additional 342 shares in the last quarter. Finally, Groupe la Francaise acquired a new stake in Smurfit Westrock in the 2nd quarter valued at $51,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SW has been the topic of several recent analyst reports. Truist Financial decreased their price objective on shares of Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Citigroup reduced their price target on shares of Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Wells Fargo & Company cut their price objective 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, JPMorgan Chase & Co. raised 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. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.60.

Smurfit Westrock Stock Up 2.2%

SW stock opened at $41.83 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $37.95 and a two-hundred day moving average of $41.56. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $56.05. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 29.25 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (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 company had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal 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 paid a $0.4308 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.1%. Smurfit Westrock’s dividend payout ratio (DPR) is 120.28%.

Smurfit Westrock Company 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.