Smurfit Westrock PLC $SW Stock Holdings Lessened by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. cut its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 90.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,004 shares of the company’s stock after selling 391,015 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Smurfit Westrock were worth $1,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SW. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Smurfit Westrock by 8.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 970,595 shares of the company’s stock worth $40,762,000 after buying an additional 74,360 shares during the period. New York State Common Retirement Fund lifted its stake in Smurfit Westrock by 7.0% in the 2nd quarter. New York State Common Retirement Fund now owns 520,366 shares of the company’s stock worth $22,454,000 after acquiring an additional 34,088 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Smurfit Westrock by 42.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,239,822 shares of the company’s stock worth $52,779,000 after acquiring an additional 372,177 shares during the period. Marathon Asset Management Ltd purchased a new position in Smurfit Westrock during the 3rd quarter valued at about $10,360,000. Finally, Exane Asset Management increased its holdings in shares of Smurfit Westrock by 35.4% in the 3rd quarter. Exane Asset Management now owns 345,393 shares of the company’s stock valued at $14,703,000 after purchasing an additional 90,233 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Trading Down 2.8%

Shares of NYSE:SW opened at $43.15 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $22.54 billion, a PE ratio of 30.18 and a beta of 1.09. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $55.54. The firm has a fifty day moving average price of $39.77 and a 200 day moving average price of $41.29.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th will be paid a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s dividend payout ratio (DPR) is 125.87%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SW shares. Royal Bank Of Canada set a $51.00 price objective on shares of Smurfit Westrock in a research note on Thursday, December 18th. Barclays dropped their price target on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Morgan Stanley reissued an “overweight” rating on shares of Smurfit Westrock in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Monday, December 29th. Finally, Citigroup dropped their target price on Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.60.

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.