Atria Investments Inc Has $1.22 Million Stake in Smurfit Westrock PLC $SW

Atria Investments Inc reduced its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 35.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,282 shares of the company’s stock after selling 15,815 shares during the quarter. Atria Investments Inc’s holdings in Smurfit Westrock were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Zions Bancorporation National Association UT acquired a new stake in Smurfit Westrock during the 1st quarter valued at $29,000. IMA Advisory Services Inc. acquired a new position in shares of Smurfit Westrock in the first quarter valued at $30,000. Whipplewood Advisors LLC raised its position in shares of Smurfit Westrock by 50.0% in the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after purchasing an additional 342 shares during the period. SVB Wealth LLC acquired a new stake in shares of Smurfit Westrock during the 1st quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Smurfit Westrock by 81.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock worth $49,000 after buying an additional 507 shares during the period. Institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SW shares. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. UBS Group assumed coverage on Smurfit Westrock in a research note on Monday, September 15th. They set a “buy” rating and a $60.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada dropped their target price on Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $56.90.

Smurfit Westrock Trading Down 0.9%

Shares of NYSE:SW opened at $35.72 on Friday. The business’s 50 day simple moving average is $42.57 and its 200 day simple moving average is $43.67. Smurfit Westrock PLC has a 1 year low of $35.21 and a 1 year high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.95. The company has a market capitalization of $18.65 billion, a P/E ratio of 24.98 and a beta of 1.11.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 120.28%.

About Smurfit Westrock

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.