Smurfit Westrock PLC $SW Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 96.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,130 shares of the company’s stock after selling 1,803,505 shares during the period. Pacer Advisors Inc.’s holdings in Smurfit Westrock were worth $2,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SW. Wahed Invest LLC raised its position in shares of Smurfit Westrock by 1.6% during the 4th quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after purchasing an additional 221 shares during the last quarter. International Private Wealth Advisors LLC lifted its stake in Smurfit Westrock by 3.5% in the 4th quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock valued at $277,000 after buying an additional 245 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Smurfit Westrock by 4.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after buying an additional 264 shares in the last quarter. AXA S.A. boosted its holdings in Smurfit Westrock by 1.3% in the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after buying an additional 285 shares during the last quarter. Finally, Mariner LLC boosted its holdings in Smurfit Westrock by 0.9% in the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after buying an additional 294 shares during the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Down 2.0%

Shares of SW opened at $44.49 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The stock has a market capitalization of $23.33 billion, a PE ratio of 61.79 and a beta of 0.96. The company’s 50-day simple moving average is $40.97 and its 200-day simple moving average is $41.48.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $0.74 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Analysts forecast that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s payout ratio is 250.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SW shares. Wall Street Zen cut Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Barclays decreased their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada lowered their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Smurfit Westrock in a research report on Tuesday. They issued a “buy” rating and a $57.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

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.