Foresight Group Ltd Liability Partnership Sells 68,199 Shares of Smurfit Westrock PLC $SW

Foresight Group Ltd Liability Partnership lowered its position in Smurfit Westrock PLC (NYSE:SW) by 11.9% during the 3rd quarter, Holdings Channel reports. The firm owned 502,569 shares of the company’s stock after selling 68,199 shares during the quarter. Smurfit Westrock comprises approximately 3.2% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 14th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Smurfit Westrock were worth $21,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Smurfit Westrock in the 2nd quarter worth $749,735,000. Orbis Allan Gray Ltd raised its holdings in shares of Smurfit Westrock by 81.9% in the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after acquiring an additional 8,286,205 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Smurfit Westrock by 4,580.7% in the third quarter. Pacer Advisors Inc. now owns 1,861,635 shares of the company’s stock worth $79,250,000 after acquiring an additional 1,821,862 shares during the period. Bank of New York Mellon Corp grew its holdings in Smurfit Westrock by 19.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,500,852 shares of the company’s stock worth $366,812,000 after acquiring an additional 1,399,464 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Smurfit Westrock by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 80,421,330 shares of the company’s stock worth $3,472,329,000 after acquiring an additional 1,233,997 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Down 0.2%

Smurfit Westrock stock opened at $44.04 on Tuesday. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $55.49. The business has a fifty day moving average price of $40.11 and a 200-day moving average price of $41.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.97. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 30.80 and a beta of 1.09.

Smurfit Westrock Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SW shares. Argus lowered their price target on shares of Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Wells Fargo & Company lowered their target price on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Smurfit Westrock in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 29th. Finally, Truist Financial dropped their price objective on Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating on the stock in a research report 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.60.

Smurfit Westrock 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.