BNP Paribas Financial Markets Acquires 29,503 Shares of Smurfit Westrock PLC $SW

BNP Paribas Financial Markets increased its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,215,668 shares of the company’s stock after acquiring an additional 29,503 shares during the period. BNP Paribas Financial Markets owned about 0.23% of Smurfit Westrock worth $47,010,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings in shares of Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after acquiring an additional 340 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Smurfit Westrock during the fourth quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new stake in Smurfit Westrock in the 2nd quarter valued at $29,000. Clearstead Advisors LLC boosted its position in shares of Smurfit Westrock by 231.8% in the fourth 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 period. Finally, Fideuram Asset Management Ireland dac bought a new stake in Smurfit Westrock in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Smurfit Westrock Stock Up 2.5%

Shares of NYSE:SW opened at $42.27 on Wednesday. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The company has a market capitalization of $22.17 billion, a PE ratio of 58.71 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The company has a fifty day moving average of $40.03 and a 200-day moving average of $40.57.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. On average, equities analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend 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.