Pacer Advisors Inc. Sells 15,101 Shares of Smurfit Westrock PLC $SW

Pacer Advisors Inc. lowered its position in shares of Smurfit Westrock PLC (NYSE:SW) by 26.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,029 shares of the company’s stock after selling 15,101 shares during the period. Pacer Advisors Inc.’s holdings in Smurfit Westrock were worth $1,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wahed Invest LLC lifted its stake in Smurfit Westrock by 1.6% in the 4th quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after purchasing an additional 221 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Smurfit Westrock by 4.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after purchasing an additional 264 shares during the period. AXA S.A. grew its position 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 valued at $962,000 after purchasing an additional 285 shares in the last quarter. Mariner LLC grew its position in shares of Smurfit Westrock by 0.9% during the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after purchasing an additional 294 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Smurfit Westrock by 5.0% in the third quarter. Creative Planning now owns 7,082 shares of the company’s stock worth $301,000 after purchasing an additional 338 shares during the period. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

SW opened at $48.23 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $25.30 billion, a P/E ratio of 51.31, a PEG ratio of 0.85 and a beta of 0.96. The stock has a 50-day moving average price of $44.82 and a 200-day moving average price of $43.02. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $52.65.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.93 billion. Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. Equities analysts predict that Smurfit Westrock PLC will post 2.13 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.81 annualized dividend and a dividend yield of 3.8%. Smurfit Westrock’s dividend payout ratio (DPR) is 192.55%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SW shares. Barclays increased their price objective on Smurfit Westrock from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup upped their target price on Smurfit Westrock from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen upgraded Smurfit Westrock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock in a research report on Tuesday, June 23rd. They set a “buy” rating and a $57.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $57.62.

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.