Smurfit Westrock PLC $SW Shares Sold by Ensign Peak Advisors Inc
Ensign Peak Advisors Inc reduced its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
Ensign Peak Advisors Inc reduced its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,255 shares of the company's stock after selling 19,457 shares during the quarter. Ensign Peak Advisors Inc's holdings in Smurfit Westrock were worth $7,217,000 at the end of the most recent quarter.
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A number of other large investors also recently bought and sold shares of SW. Nuveen LLC acquired a new position in shares of Smurfit Westrock in the 1st quarter worth approximately $1,051,299,000. Ruffer LLP bought a new position in Smurfit Westrock during the second quarter worth $196,095,000. Orbis Allan Gray Ltd boosted its holdings in Smurfit Westrock by 74.8% in the first quarter. Orbis Allan Gray Ltd now owns 10,114,213 shares of the company's stock worth $455,746,000 after purchasing an additional 4,329,653 shares during the period. JPMorgan Chase & Co. increased its stake in Smurfit Westrock by 39.3% during the first quarter. JPMorgan Chase & Co. now owns 6,100,067 shares of the company's stock valued at $274,869,000 after purchasing an additional 1,721,889 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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. Institutional investors own 83.38% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They issued a "buy" rating and a $60.00 price target on the stock. Truist Financial dropped their price objective on shares of Smurfit Westrock from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, October 30th. Weiss Ratings restated a "hold (c)" rating on shares of Smurfit Westrock in a research note on Wednesday, November 19th. Seaport Res Ptn upgraded Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Finally, Barclays cut their price target on Smurfit Westrock from $63.00 to $47.00 and set an "overweight" rating on the stock in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Smurfit Westrock currently has an average rating of "Moderate Buy" and an average price target of $55.30.
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View Our Latest Stock Analysis on SW
Smurfit Westrock Stock Performance
SW opened at $33.71 on Tuesday. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $56.76. The stock has a market cap of $17.60 billion, a PE ratio of 23.57 and a beta of 1.11. The business's 50 day moving average is $39.77 and its 200-day moving average is $43.12. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.
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Smurfit Westrock (NYSE:SW - Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The business had revenue of $8 billion during the quarter, compared to analyst estimates of $7.89 billion. The business's quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.
Smurfit Westrock Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 14th will be paid a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, November 14th. Smurfit Westrock's payout ratio is currently 120.28%.
Smurfit Westrock Company Profile
(Free Report)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.
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