Natixis Advisors LLC Sells 204,914 Shares of Smurfit Westrock PLC $SW

Natixis Advisors LLC cut its stake in Smurfit Westrock PLC (NYSE:SW) by 44.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 251,614 shares of the company’s stock after selling 204,914 shares during the quarter. Natixis Advisors LLC’s holdings in Smurfit Westrock were worth $9,730,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new position in shares of Smurfit Westrock during the second quarter valued at approximately $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Smurfit Westrock during the 4th quarter valued at $28,000. Clearstead Advisors LLC lifted its stake in Smurfit Westrock by 231.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock valued at $51,000 after acquiring an additional 927 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Smurfit Westrock during the 2nd quarter worth $63,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Smurfit Westrock during the 4th quarter worth $61,000. Institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Royal Bank Of Canada cut their price target on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group initiated coverage on shares of Smurfit Westrock in a research report on Tuesday, March 24th. They set a “buy” rating and a $49.00 target price on the stock. Finally, Wall Street Zen downgraded Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.00.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $41.34 on Monday. The company has a market capitalization of $21.68 billion, a P/E ratio of 57.42 and a beta of 0.96. The company’s 50-day moving average is $40.28 and its 200 day moving average is $40.77. 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 PLC has a fifty-two week low of $32.73 and a fifty-two week high of $52.65.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data 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). The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. On average, equities research analysts forecast that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.4523 per share. The ex-dividend date is Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.4%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.

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.