Y Intercept Hong Kong Ltd Sells 21,538 Shares of Smurfit Westrock PLC $SW

Y Intercept Hong Kong Ltd lowered its position in Smurfit Westrock PLC (NYSE:SW) by 71.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,497 shares of the company’s stock after selling 21,538 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Smurfit Westrock were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Smurfit Westrock by 1.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 228,524 shares of the company’s stock valued at $9,728,000 after acquiring an additional 4,213 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Smurfit Westrock by 8.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 970,595 shares of the company’s stock valued at $40,762,000 after purchasing an additional 74,360 shares during the period. Root Financial Partners LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $33,000. Allstate Corp bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $774,000. Finally, Amalgamated Bank lifted its position in shares of Smurfit Westrock by 2.0% in the 3rd quarter. Amalgamated Bank now owns 98,978 shares of the company’s stock worth $4,213,000 after purchasing an additional 1,919 shares during the period. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SW has been the topic of several research reports. Royal Bank Of Canada set a $51.00 price objective on shares of Smurfit Westrock in a report on Thursday, December 18th. Barclays decreased their price target on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company reduced their price target on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 6th. Morgan Stanley restated an “overweight” rating on shares of Smurfit Westrock in a research note on Thursday, January 8th. Finally, Truist Financial decreased their price target on Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.60.

Smurfit Westrock Stock Up 8.5%

Shares of SW stock opened at $44.37 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.48. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $55.54. The firm has a market capitalization of $23.18 billion, a PE ratio of 31.03 and a beta of 1.09. The stock’s 50-day simple moving average is $39.62 and its 200-day simple moving average is $41.28.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 4.1%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, February 17th. Smurfit Westrock’s dividend payout ratio is 120.28%.

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.