Los Angeles Capital Management LLC grew its position in Smurfit Westrock PLC (NYSE:SW – Free Report) by 40.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 139,127 shares of the company’s stock after buying an additional 39,837 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Smurfit Westrock were worth $5,014,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $28,000. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock during the 2nd quarter valued at $29,000. Clearstead Advisors LLC raised its position in shares of Smurfit Westrock by 231.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock valued at $51,000 after acquiring an additional 927 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of Smurfit Westrock in the 4th quarter valued at $61,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Smurfit Westrock in the 2nd quarter valued at $63,000. Institutional investors own 83.38% of the company’s stock.
Smurfit Westrock Stock Down 1.8%
Smurfit Westrock stock opened at $40.54 on Tuesday. The stock has a market cap of $21.26 billion, a P/E ratio of 56.30 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company’s 50-day moving average price is $40.29 and its two-hundred day moving average price is $40.82.
Smurfit Westrock Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $0.4523 per share. The ex-dividend date is Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.5%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.
Wall Street Analysts Forecast Growth
SW has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $57.00 target price on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday, May 29th. The Goldman Sachs Group started coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They set a “buy” rating and a $49.00 price objective for the company. Jefferies Financial Group set a $58.00 price objective on shares of Smurfit Westrock in a research note on Thursday, February 12th. Finally, UBS Group reduced their price objective on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.
Get Our Latest Analysis on Smurfit Westrock
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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