Generali Asset Management SPA SGR Has $1.26 Million Position in Smurfit Westrock PLC $SW

Generali Asset Management SPA SGR raised its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 128.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 29,494 shares of the company’s stock after purchasing an additional 16,592 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Smurfit Westrock were worth $1,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock during the 2nd quarter worth $29,000. Rexford Capital Inc. bought a new position in Smurfit Westrock in the 2nd quarter worth $35,000. Whipplewood Advisors LLC lifted its position in Smurfit Westrock by 50.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after acquiring an additional 342 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Smurfit Westrock by 81.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock valued at $49,000 after acquiring an additional 507 shares during the period. Finally, Groupe la Francaise bought a new stake in Smurfit Westrock during the second quarter valued at about $51,000. Institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group assumed coverage on Smurfit Westrock in a research note on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Wells Fargo & Company cut their price target on Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Zacks Research cut Smurfit Westrock from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Morgan Stanley restated an “overweight” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus target price of $53.30.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $39.58 on Monday. The firm has a market capitalization of $20.67 billion, a PE ratio of 27.68 and a beta of 1.09. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $56.05. The business’s 50 day moving average is $36.72 and its 200-day moving average is $41.75.

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

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 14th were issued a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 120.28%.

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.