Evelyn Partners Investment Management Services Ltd Lowers Holdings in Smurfit Westrock PLC $SW

Evelyn Partners Investment Management Services Ltd decreased its holdings in Smurfit Westrock PLC (NYSE:SW) by 20.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,727 shares of the company’s stock after selling 19,927 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in Smurfit Westrock were worth $3,177,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wahed Invest LLC lifted its holdings in Smurfit Westrock by 1.6% in the 4th quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after purchasing an additional 221 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Smurfit Westrock by 4.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after purchasing an additional 264 shares during the period. AXA S.A. grew its holdings in Smurfit Westrock by 1.3% during the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after buying an additional 285 shares in the last quarter. Mariner LLC grew its holdings in Smurfit Westrock by 0.9% during the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after buying an additional 294 shares in the last quarter. Finally, Creative Planning raised its position in shares of Smurfit Westrock by 5.0% during the third quarter. Creative Planning now owns 7,082 shares of the company’s stock valued at $301,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Smurfit Westrock from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. UBS Group decreased their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, Citigroup increased their price objective on shares of Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

Smurfit Westrock Stock Performance

NYSE:SW opened at $50.06 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The stock’s 50 day simple moving average is $43.15 and its two-hundred day simple moving average is $42.68. The company has a market cap of $26.25 billion, a price-to-earnings ratio of 69.52, a PEG ratio of 0.81 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Smurfit Westrock PLC will post 2.24 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.4523 per share. The ex-dividend date was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 3.6%. Smurfit Westrock’s dividend payout ratio (DPR) is 250.00%.

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.