Groupama Asset Managment Sells 60,116 Shares of Smurfit Westrock PLC $SW

Groupama Asset Managment cut its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 9.3% during the fourth quarter, Holdings Channel reports. The fund owned 583,885 shares of the company’s stock after selling 60,116 shares during the quarter. Groupama Asset Managment’s holdings in Smurfit Westrock were worth $22,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Wahed Invest LLC boosted its position in Smurfit Westrock by 1.6% during the fourth quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after purchasing an additional 221 shares during the period. International Private Wealth Advisors LLC raised its position in shares of Smurfit Westrock by 3.5% in the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock valued at $277,000 after purchasing an additional 245 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Smurfit Westrock by 4.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after buying an additional 264 shares during the last quarter. AXA S.A. boosted its holdings in shares of Smurfit Westrock by 1.3% during the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after buying an additional 285 shares during the period. Finally, Mariner LLC boosted its holdings in shares of Smurfit Westrock by 0.9% during the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after buying an additional 294 shares during the period. Institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

SW has been the topic of several research analyst reports. Wall Street Zen cut shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Barclays decreased their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Truist Financial set a $50.00 target price on Smurfit Westrock in a research note on Friday, May 1st. Finally, The Goldman Sachs Group started coverage on Smurfit Westrock in a report on Tuesday, March 24th. They set a “buy” rating and a $49.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and an average price target of $53.00.

Smurfit Westrock Stock Up 1.7%

NYSE SW opened at $44.18 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 61.36 and a beta of 0.96. The company has a 50 day moving average of $40.82 and a 200-day moving average of $41.29. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.Smurfit Westrock’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. On average, equities research analysts expect that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.4523 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.1%. Smurfit Westrock’s dividend payout ratio is currently 251.39%.

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.