Maple Rock Capital Partners Inc. acquired a new stake in Smurfit Westrock PLC (NYSE:SW – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,608,298 shares of the company’s stock, valued at approximately $120,660,000. Smurfit Westrock comprises approximately 2.4% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 14th biggest position.
A number of other institutional investors have also recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Smurfit Westrock in the fourth quarter worth $28,000. DV Equities LLC bought a new stake in Smurfit Westrock during the fourth quarter worth about $28,000. CYBER HORNET ETFs LLC bought a new stake in Smurfit Westrock during the second quarter worth about $29,000. Root Financial Partners LLC grew its stake in Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock worth $31,000 after buying an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Smurfit Westrock during the fourth quarter worth about $31,000. 83.38% of the stock is currently owned by institutional investors.
Smurfit Westrock Trading Down 2.8%
Shares of Smurfit Westrock stock opened at $46.95 on Tuesday. The firm’s 50 day moving average is $46.75 and its 200 day moving average is $43.69. The firm has a market capitalization of $24.63 billion, a PE ratio of 49.95, a price-to-earnings-growth ratio of 0.92 and a beta of 0.96. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.
Smurfit Westrock Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued a dividend of $0.4523 per share. The ex-dividend date is Friday, August 14th. This represents a $1.81 annualized dividend and a yield of 3.9%. Smurfit Westrock’s payout ratio is 192.55%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on SW shares. Weiss Ratings upgraded shares of Smurfit Westrock from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. Seaport Research Partners reiterated a “buy” rating and set a $54.00 price target on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Citigroup upped their target price on Smurfit Westrock from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $57.69.
View Our Latest Research Report on SW
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.
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