Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 138,400 Shares of Smurfit Westrock PLC $SW

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 89.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,800 shares of the company’s stock after selling 138,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Smurfit Westrock were worth $757,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SW. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Smurfit Westrock by 3.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,002 shares of the company’s stock valued at $811,000 after purchasing an additional 586 shares during the last quarter. National Pension Service lifted its position in shares of Smurfit Westrock by 12.1% in the 1st quarter. National Pension Service now owns 843,136 shares of the company’s stock worth $37,992,000 after purchasing an additional 90,824 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Smurfit Westrock by 85.3% during the 1st quarter. Russell Investments Group Ltd. now owns 337,724 shares of the company’s stock valued at $15,202,000 after acquiring an additional 155,495 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Smurfit Westrock by 9.5% during the 1st quarter. Public Sector Pension Investment Board now owns 63,941 shares of the company’s stock valued at $2,881,000 after acquiring an additional 5,540 shares during the period. Finally, Nuveen LLC bought a new stake in Smurfit Westrock during the 1st quarter valued at $1,051,299,000. 83.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SW. Morgan Stanley increased their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Wells Fargo & Company upped their price objective on shares of Smurfit Westrock from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Royal Bank Of Canada lowered their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Truist Financial increased their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, Barclays cut their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Smurfit Westrock Stock Down 2.4%

Shares of Smurfit Westrock stock opened at $42.68 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99. The stock has a market capitalization of $22.28 billion, a price-to-earnings ratio of 64.67 and a beta of 1.06. The company’s 50 day moving average price is $44.97 and its 200-day moving average price is $45.47.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%. The business’s revenue for the quarter was up 167.4% compared to the same quarter last year. Equities research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 15th will be issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 4.0%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 260.61%.

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.