Evelyn Partners Investment Management LLP Has $26.72 Million Stock Holdings in Smurfit Westrock PLC $SW

Evelyn Partners Investment Management LLP cut its holdings in Smurfit Westrock PLC (NYSE:SW) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 691,023 shares of the company’s stock after selling 53,542 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Smurfit Westrock were worth $26,722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SW. Norges Bank acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at $495,335,000. Capital Research Global Investors increased its position in Smurfit Westrock by 31.2% in the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock worth $1,397,057,000 after purchasing an additional 8,596,558 shares during the period. Orbis Allan Gray Ltd increased its position in Smurfit Westrock by 81.9% in the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after purchasing an additional 8,286,205 shares during the period. UBS Group AG increased its position in Smurfit Westrock by 272.0% in the third quarter. UBS Group AG now owns 11,240,153 shares of the company’s stock worth $478,493,000 after purchasing an additional 8,218,351 shares during the period. Finally, Franklin Resources Inc. increased its position in Smurfit Westrock by 94.4% in the third quarter. Franklin Resources Inc. now owns 11,353,140 shares of the company’s stock worth $482,917,000 after purchasing an additional 5,511,887 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of SW opened at $43.28 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The stock has a market cap of $22.70 billion, a P/E ratio of 60.11 and a beta of 0.96. The stock’s 50-day moving average price is $40.46 and its two-hundred day moving average price is $41.00.

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

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $0.4523 per share. The ex-dividend date was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a yield of 4.2%. Smurfit Westrock’s dividend payout ratio (DPR) is 251.39%.

Analyst Upgrades and Downgrades

SW has been the subject of a number of research reports. UBS Group lowered their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Citigroup lowered their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company lowered their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. The Goldman Sachs Group initiated coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective for the company. Finally, Barclays lowered their price objective on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

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.