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

Groupama Asset Managment reduced its position in shares of Smurfit Westrock PLC (NYSE:SW) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 583,885 shares of the company’s stock after selling 60,116 shares during the period. Groupama Asset Managment owned about 0.11% of Smurfit Westrock worth $22,579,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors lifted its stake in Smurfit Westrock by 31.2% in the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after acquiring an additional 8,596,558 shares in the last quarter. State Street Corp grew its stake in shares of Smurfit Westrock by 3.6% during the 4th quarter. State Street Corp now owns 24,652,132 shares of the company’s stock worth $953,311,000 after acquiring an additional 845,218 shares in the last quarter. 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 purchasing an additional 8,286,205 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Smurfit Westrock by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after purchasing an additional 155,778 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Smurfit Westrock in the fourth quarter worth $495,335,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Up 1.7%

NYSE SW opened at $44.18 on Friday. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65. 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 stock has a 50 day moving average of $40.82 and a 200-day moving average of $41.29. The company has a market cap of $23.17 billion, a PE ratio of 61.36 and a beta of 0.96.

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

Smurfit Westrock Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on SW. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Truist Financial set a $50.00 price target on shares of Smurfit Westrock in a research report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and set a $57.00 price target on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Wall Street Zen cut Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. lowered their target price on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

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.