Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Smurfit Westrock PLC (NYSE:SW – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 135,262 shares of the company’s stock, valued at approximately $5,965,000.
Several other large investors have also added to or reduced their stakes in SW. Trinity Street Asset Management LLP bought a new position in shares of Smurfit Westrock in the second quarter worth approximately $243,400,000. Bank of America Corp DE raised its position in shares of Smurfit Westrock by 6.2% during the 1st quarter. Bank of America Corp DE now owns 5,460,163 shares of the company’s stock valued at $217,587,000 after purchasing an additional 318,336 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Smurfit Westrock by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,848,130 shares of the company’s stock valued at $193,141,000 after purchasing an additional 160,510 shares during the period. Artemis Investment Management LLP raised its position in shares of Smurfit Westrock by 719.6% during the 3rd quarter. Artemis Investment Management LLP now owns 3,214,979 shares of the company’s stock valued at $141,781,000 after purchasing an additional 2,822,720 shares during the period. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of Smurfit Westrock during the 2nd quarter valued at $120,660,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Smurfit Westrock from $69.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Citigroup cut their price target on Smurfit Westrock from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings raised Smurfit Westrock from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Barclays lowered their price objective on Smurfit Westrock from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Wall Street Zen raised Smurfit Westrock from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus target price of $55.15.
View Our Latest Stock Report on Smurfit Westrock
Smurfit Westrock Trading Down 1.6%
Shares of SW opened at $44.49 on Friday. The firm has a market cap of $23.34 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The company has a 50 day simple moving average of $43.60 and a two-hundred day simple moving average of $43.53.
Smurfit Westrock (NYSE:SW – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.15). Smurfit Westrock had a return on equity of 4.27% and a net margin of 1.50%. The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the firm posted $0.58 EPS. Smurfit Westrock’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Smurfit Westrock PLC will post 1.71 earnings per share for the current fiscal year.
Smurfit Westrock Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be issued a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, November 13th. Smurfit Westrock’s payout ratio is currently 202.25%.
Smurfit Westrock Profile
Smurfit Westrock plc (NYSE:SW) is a global provider of sustainable paper and packaging solutions. The company produces containerboard, corrugated packaging, folding cartons, paper bags, displays and other packaging products designed for consumer, retail, industrial and e-commerce applications. It also provides packaging design, supply-chain support and recycling services.
Smurfit Westrock was formed in July 2024 through the combination of Smurfit Kappa Group and WestRock. The transaction brought together two established packaging businesses with roots in Europe and North America.
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