GAMMA Investing LLC Has $233,000 Holdings in Smurfit Westrock PLC $SW

GAMMA Investing LLC lessened its stake in Smurfit Westrock PLC (NYSE:SW) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,404 shares of the company’s stock after selling 322 shares during the quarter. GAMMA Investing LLC’s holdings in Smurfit Westrock were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Smurfit Westrock by 0.4% in the first quarter. Vanguard Group Inc. now owns 79,187,333 shares of the company’s stock valued at $3,564,678,000 after buying an additional 316,074 shares during the period. Nuveen LLC bought a new stake in shares of Smurfit Westrock in the first quarter worth $1,051,299,000. Invesco Ltd. lifted its position in shares of Smurfit Westrock by 4.0% in the first quarter. Invesco Ltd. now owns 10,244,072 shares of the company’s stock worth $461,598,000 after purchasing an additional 395,015 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in shares of Smurfit Westrock by 74.8% in the first quarter. Orbis Allan Gray Ltd now owns 10,114,213 shares of the company’s stock worth $455,746,000 after purchasing an additional 4,329,653 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Smurfit Westrock by 39.3% in the first quarter. JPMorgan Chase & Co. now owns 6,100,067 shares of the company’s stock worth $274,869,000 after purchasing an additional 1,721,889 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on SW shares. Barclays cut their price objective on shares of Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Monday, June 30th. Jefferies Financial Group raised shares of Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. UBS Group started coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Truist Financial boosted their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, Morgan Stanley boosted their price objective on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Smurfit Westrock Price Performance

Shares of SW opened at $42.13 on Friday. The firm has a market capitalization of $22.00 billion, a PE ratio of 63.84 and a beta of 1.04. The company’s 50-day moving average is $45.07 and its 200-day moving average is $44.13. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.12). The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. Smurfit Westrock’s revenue was up 167.4% compared to the same quarter last year. Equities analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were given a $0.4308 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. Smurfit Westrock’s dividend payout ratio is presently 260.61%.

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.