Aberdeen Group plc Sells 9,019 Shares of Smurfit Westrock PLC $SW

Aberdeen Group plc reduced its stake in Smurfit Westrock PLC (NYSE:SW) by 21.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,618 shares of the company’s stock after selling 9,019 shares during the period. Aberdeen Group plc’s holdings in Smurfit Westrock were worth $1,407,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in Smurfit Westrock in the 1st quarter valued at about $29,000. Tsfg LLC acquired a new stake in Smurfit Westrock during the first quarter worth approximately $30,000. IMA Advisory Services Inc. bought a new stake in shares of Smurfit Westrock during the first quarter worth approximately $30,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Smurfit Westrock in the first quarter valued at approximately $40,000. Finally, SVB Wealth LLC acquired a new position in shares of Smurfit Westrock in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Up 0.5%

Shares of Smurfit Westrock stock opened at $41.51 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 12-month low of $37.01 and a 12-month high of $56.99. The company has a market capitalization of $21.67 billion, a price-to-earnings ratio of 62.89 and a beta of 1.09. The firm’s 50-day moving average price is $43.88 and its two-hundred day moving average price is $43.81.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.12). The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business’s revenue was up 167.4% on a year-over-year basis. On average, analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were issued a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 260.61%.

Analyst Ratings Changes

Several analysts recently weighed in on SW shares. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Truist Financial lifted their target price on Smurfit Westrock from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, UBS Group started coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $57.90.

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.