Vontobel Holding Ltd. Decreases Position in Smurfit Westrock PLC $SW

Vontobel Holding Ltd. trimmed its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,241,578 shares of the company’s stock after selling 19,601 shares during the period. Vontobel Holding Ltd. owned about 0.24% of Smurfit Westrock worth $52,854,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock during the 2nd quarter valued at about $29,000. Rexford Capital Inc. purchased a new stake in shares of Smurfit Westrock during the second quarter valued at approximately $35,000. Whipplewood Advisors LLC grew its holdings in shares of Smurfit Westrock by 50.0% in the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after purchasing an additional 342 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Smurfit Westrock in the first quarter worth $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Smurfit Westrock by 81.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock valued at $49,000 after buying an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Shares of SW stock opened at $37.94 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 26.53 and a beta of 1.10. The business’s fifty day moving average is $37.30 and its 200 day moving average is $41.99. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $56.05.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The business had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The firm’s revenue was up 4.3% on a year-over-year basis. Research analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 14th were given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, November 14th. Smurfit Westrock’s payout ratio is currently 120.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SW shares. Wells Fargo & Company cut their price target on shares of Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Truist Financial cut their target price on Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Seaport Res Ptn raised Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. UBS Group started coverage on Smurfit Westrock in a research report on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Barclays dropped their price target on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.30.

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.