Foresight Group Ltd Liability Partnership Sells 68,199 Shares of Smurfit Westrock PLC $SW

Foresight Group Ltd Liability Partnership cut its position in Smurfit Westrock PLC (NYSE:SW) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 502,569 shares of the company’s stock after selling 68,199 shares during the period. Smurfit Westrock comprises 3.2% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 14th largest holding. Foresight Group Ltd Liability Partnership owned approximately 0.10% of Smurfit Westrock worth $21,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SW. TD Waterhouse Canada Inc. increased its stake in Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after buying an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock in the second quarter worth about $29,000. Root Financial Partners LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $33,000. Rexford Capital Inc. bought a new stake in Smurfit Westrock during the 2nd quarter valued at approximately $35,000. Finally, Whipplewood Advisors LLC raised its stake in Smurfit Westrock by 50.0% during the 2nd 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. 83.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SW shares. Citigroup cut their price objective on shares of Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Barclays dropped their price objective on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Monday, December 29th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Truist Financial cut their target price on shares of Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.60.

Smurfit Westrock Price Performance

Shares of SW stock opened at $44.04 on Tuesday. The stock has a 50 day moving average price of $40.11 and a 200 day moving average price of $41.17. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $55.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.48. The firm has a market capitalization of $23.01 billion, a P/E ratio of 30.80 and a beta of 1.09.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, February 17th. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s dividend payout ratio (DPR) is 120.28%.

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.