Smurfit Westrock PLC (NYSE:SW) Stock Position Lifted by Citizens National Bank Trust Department

Citizens National Bank Trust Department lifted its holdings in Smurfit Westrock PLC (NYSE:SW) by 8.5% in the 1st quarter, HoldingsChannel reports. The firm owned 5,090 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Citizens National Bank Trust Department’s holdings in Smurfit Westrock were worth $229,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SW. Bank Pictet & Cie Europe AG grew its stake in shares of Smurfit Westrock by 40.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 42,104 shares of the company’s stock worth $2,268,000 after purchasing an additional 12,166 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Smurfit Westrock by 1.1% during the fourth quarter. New York Life Investment Management LLC now owns 67,206 shares of the company’s stock worth $3,620,000 after acquiring an additional 759 shares during the period. Proficio Capital Partners LLC acquired a new position in Smurfit Westrock during the fourth quarter worth about $1,395,000. QRG Capital Management Inc. acquired a new position in Smurfit Westrock during the fourth quarter worth about $306,000. Finally, Mutual of America Capital Management LLC acquired a new position in Smurfit Westrock during the fourth quarter worth about $3,188,000. Institutional investors own 83.38% of the company’s stock.

Insiders Place Their Bets

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the transaction, the director now owns 54,893 shares of the company’s stock, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SW shares. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada lowered their target price on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Barclays lowered their target price on Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, May 13th. Jefferies Financial Group raised Smurfit Westrock from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Finally, Morgan Stanley lowered their target price on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus target price of $58.50.

Smurfit Westrock Trading Up 0.9%

NYSE:SW opened at $43.08 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of 35.31 and a beta of 1.04. The stock has a fifty day simple moving average of $43.08 and a 200 day simple moving average of $47.34.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.41 billion. The firm’s revenue was up 161.3% compared to the same quarter last year. Sell-side analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were given a dividend of $0.4308 per share. The ex-dividend date was Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock’s payout ratio is presently 140.98%.

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.