Evelyn Partners Investment Management LLP Decreases Stock Position in Smurfit Westrock PLC $SW

Evelyn Partners Investment Management LLP cut its holdings in Smurfit Westrock PLC (NYSE:SW) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,376 shares of the company’s stock after selling 87,647 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Smurfit Westrock were worth $24,045,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock in the 2nd quarter worth $29,000. DV Equities LLC bought a new position in shares of Smurfit Westrock during the fourth quarter valued at $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at $28,000. Root Financial Partners LLC boosted its position in shares of Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after buying an additional 501 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Smurfit Westrock in the 4th quarter worth about $31,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SW has been the topic of several research analyst reports. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of Smurfit Westrock from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Citigroup boosted their price objective on shares of Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Truist Financial increased their price objective on shares of Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Smurfit Westrock from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average target price of $54.83.

Smurfit Westrock Stock Up 3.1%

Smurfit Westrock stock opened at $50.06 on Tuesday. The stock has a market cap of $26.25 billion, a PE ratio of 69.52, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The stock has a fifty day moving average of $43.15 and a 200 day moving average of $42.68.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. As a group, sell-side analysts predict that Smurfit Westrock PLC will post 2.24 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.4523 dividend. This represents a $1.81 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 250.00%.

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.