Federated Hermes Inc. Has $3.35 Million Stock Position in Smurfit Westrock PLC $SW

Federated Hermes Inc. reduced its position in Smurfit Westrock PLC (NYSE:SW) by 34.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,697 shares of the company’s stock after selling 41,290 shares during the period. Federated Hermes Inc.’s holdings in Smurfit Westrock were worth $3,350,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased 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 worth $593,000 after buying an additional 6,378 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Smurfit Westrock by 6.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after purchasing an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Smurfit Westrock by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock valued at $2,188,000 after purchasing an additional 2,698 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock valued at $598,000 after purchasing an additional 8,726 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in shares of Smurfit Westrock by 40.8% in the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after purchasing an additional 12,096 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $40.89 on Wednesday. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $55.54. The company has a market cap of $21.35 billion, a P/E ratio of 28.59 and a beta of 1.09. The business’s 50 day moving average is $39.45 and its two-hundred day moving average is $41.26. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.72.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.4523 per share. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 120.28%.

Analysts Set New Price Targets

SW has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 6th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research note on Monday, December 29th. Barclays reduced their target price on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Finally, Truist Financial lowered their price target on Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $51.60.

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.