Van Den Berg Management I Inc. Sells 18,141 Shares of Smurfit Westrock PLC $SW

Van Den Berg Management I Inc. cut its stake in Smurfit Westrock PLC (NYSE:SW) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,087 shares of the company’s stock after selling 18,141 shares during the period. Van Den Berg Management I Inc.’s holdings in Smurfit Westrock were worth $6,036,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SW. AQR Capital Management LLC boosted its holdings in Smurfit Westrock by 90.5% in the first quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after acquiring an additional 6,378 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Smurfit Westrock by 6.7% in the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after acquiring an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Smurfit Westrock by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock valued at $2,188,000 after acquiring an additional 2,698 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Smurfit Westrock by 192.3% in the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock valued at $598,000 after acquiring an additional 8,726 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in Smurfit Westrock by 40.8% in the first quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after acquiring an additional 12,096 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $44.06 on Wednesday. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of 61.20 and a beta of 0.96. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The stock’s 50 day moving average price is $40.66 and its two-hundred day moving average price is $41.17. 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 (NYSE:SW) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) 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 business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Smurfit Westrock’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on SW shares. The Goldman Sachs Group started coverage on Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 target price on the stock. Citigroup reduced their target price on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a report on Friday, May 29th. UBS Group cut their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, Truist Financial set a $50.00 price target on Smurfit Westrock in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.