Wealth Enhancement Advisory Services LLC Trims Stock Holdings in Smurfit Westrock PLC $SW

Wealth Enhancement Advisory Services LLC lowered its stake in Smurfit Westrock PLC (NYSE:SW) by 16.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,926 shares of the company’s stock after selling 19,044 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Smurfit Westrock were worth $3,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SW. TD Waterhouse Canada Inc. increased its holdings in Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after acquiring an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Smurfit Westrock during the second quarter valued at approximately $29,000. Root Financial Partners LLC bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $33,000. Rexford Capital Inc. bought a new position in shares of Smurfit Westrock in the second quarter worth approximately $35,000. Finally, Groupe la Francaise purchased a new stake in shares of Smurfit Westrock in the second quarter worth $51,000. 83.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SW. Jefferies Financial Group set a $58.00 target price on shares of Smurfit Westrock in a research note on Thursday, February 12th. Truist Financial set a $60.00 price target on Smurfit Westrock in a research note on Thursday, February 12th. Barclays raised their price target on Smurfit Westrock from $47.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Royal Bank Of Canada boosted their price objective on Smurfit Westrock from $51.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.91.

Insider Transactions at Smurfit Westrock

In related news, CEO Anthony P. J. Smurfit sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.54, for a total value of $2,061,600.00. Following the sale, the chief executive officer directly owned 1,642,610 shares in the company, valued at approximately $84,660,119.40. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ken Bowles sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.26, for a total value of $512,600.00. Following the transaction, the chief financial officer directly owned 151,644 shares of the company’s stock, valued at approximately $7,773,271.44. The trade was a 6.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.46% of the company’s stock.

Smurfit Westrock Price Performance

SW stock opened at $38.20 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.48. The company’s fifty day moving average price is $43.64 and its 200-day moving average price is $40.87. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The company has a market capitalization of $20.03 billion, a PE ratio of 28.72 and a beta of 1.06.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Friday, February 27th. The company reported $0.34 earnings per share for the quarter. The company had revenue of $7.58 billion during the quarter. Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. On average, equities analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.4523 per share. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.81 annualized dividend and a dividend yield of 4.7%. Smurfit Westrock’s payout ratio is currently 136.09%.

About Smurfit Westrock

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.