Universal Beteiligungs und Servicegesellschaft mbH Sells 359,817 Shares of Smurfit Westrock PLC $SW

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Smurfit Westrock PLC (NYSE:SW) by 28.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 896,235 shares of the company’s stock after selling 359,817 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Smurfit Westrock were worth $38,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Czech National Bank increased its holdings in Smurfit Westrock by 6.7% during the 2nd quarter. Czech National Bank now owns 121,218 shares of the company’s stock worth $5,231,000 after purchasing an additional 7,657 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Smurfit Westrock by 14.3% during the second quarter. Metis Global Partners LLC now owns 60,661 shares of the company’s stock worth $2,618,000 after buying an additional 7,588 shares during the period. Centennial Wealth Advisory LLC bought a new position in shares of Smurfit Westrock during the second quarter worth about $481,000. Strs Ohio raised its position in Smurfit Westrock by 43.2% in the 2nd quarter. Strs Ohio now owns 49,613 shares of the company’s stock valued at $2,141,000 after buying an additional 14,959 shares during the last quarter. Finally, Foresight Group Ltd Liability Partnership bought a new stake in Smurfit Westrock in the 1st quarter valued at approximately $26,028,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Barclays lowered their target price on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company reduced their price target on Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Morgan Stanley restated an “overweight” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $55.30.

Smurfit Westrock Trading Down 1.1%

Smurfit Westrock stock opened at $33.92 on Tuesday. The stock has a 50-day simple moving average of $40.91 and a 200 day simple moving average of $43.36. The stock has a market capitalization of $17.71 billion, a P/E ratio of 23.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.48. Smurfit Westrock PLC has a 52 week low of $33.67 and a 52 week high of $56.99.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data 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 business had revenue of $8 billion during the quarter, compared to analyst estimates of $7.89 billion. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be issued a $0.4308 dividend. This represents a $1.72 annualized dividend 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 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.