Handelsbanken Fonder AB increased its holdings in shares of Smurfit Westrock PLC (NYSE:SW – Free Report) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,400 shares of the company’s stock after buying an additional 23,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Smurfit Westrock were worth $6,319,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. International Private Wealth Advisors LLC lifted its position in Smurfit Westrock by 3.5% during the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock worth $277,000 after buying an additional 245 shares during the period. Benjamin Edwards Inc. lifted its position in Smurfit Westrock by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after buying an additional 264 shares during the period. AXA S.A. lifted its position in Smurfit Westrock by 1.3% during the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after buying an additional 285 shares during the period. Mariner LLC lifted its position in Smurfit Westrock by 0.9% during the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after buying an additional 294 shares during the period. Finally, Creative Planning lifted its position in Smurfit Westrock by 5.0% during the third quarter. Creative Planning now owns 7,082 shares of the company’s stock worth $301,000 after buying an additional 338 shares during the period. 83.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Citigroup cut their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, May 4th. The Goldman Sachs Group began coverage on Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective on the stock. Wells Fargo & Company cut their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Finally, Wall Street Zen downgraded Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.00.
Smurfit Westrock Stock Performance
Smurfit Westrock stock opened at $38.09 on Friday. The stock’s 50-day moving average is $39.90 and its 200-day moving average is $40.36. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 52.90 and a beta of 0.95. 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 12 month low of $32.73 and a 12 month high of $52.65.
Smurfit Westrock (NYSE:SW – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion during 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 revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share. Equities analysts anticipate that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.
Smurfit Westrock Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.
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.
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