Retirement Systems of Alabama Has $31.42 Million Stake in Smurfit Westrock PLC $SW

Retirement Systems of Alabama lessened its position in Smurfit Westrock PLC (NYSE:SW) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 728,187 shares of the company’s stock after selling 10,878 shares during the quarter. Retirement Systems of Alabama owned about 0.14% of Smurfit Westrock worth $31,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in shares of Smurfit Westrock in the 1st quarter valued at $29,000. IMA Advisory Services Inc. acquired a new position in Smurfit Westrock in the first quarter valued at about $30,000. Whipplewood Advisors LLC boosted its position in shares of Smurfit Westrock by 50.0% during the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after purchasing an additional 342 shares in the last quarter. SVB Wealth LLC bought a new stake in Smurfit Westrock in the 1st quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Smurfit Westrock by 81.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock valued at $49,000 after buying an additional 507 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. UBS Group started coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Morgan Stanley lifted their price target on Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $57.00.

Smurfit Westrock Stock Performance

NYSE SW opened at $36.06 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a 12-month low of $35.87 and a 12-month high of $56.99. The company has a 50-day simple moving average of $43.54 and a two-hundred day simple moving average of $43.84. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 25.21 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.10). The company had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 14th will be issued a $0.4308 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.8%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 260.61%.

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.