Smurfit Westrock PLC $SW Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its stake in Smurfit Westrock PLC (NYSE:SW) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,253,010 shares of the company’s stock after acquiring an additional 1,622,799 shares during the quarter. Deutsche Bank AG owned approximately 1.39% of Smurfit Westrock worth $280,474,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SW. Sound Income Strategies LLC boosted its position in Smurfit Westrock by 79,790.6% during the fourth quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after acquiring an additional 127,665 shares during the last quarter. BIP Wealth LLC acquired a new stake in Smurfit Westrock during the fourth quarter worth approximately $2,412,000. Tounjian Advisory Partners LLC acquired a new stake in Smurfit Westrock during the third quarter worth approximately $958,000. Barclays PLC increased its stake in shares of Smurfit Westrock by 152.2% during the 3rd quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock valued at $224,333,000 after acquiring an additional 3,180,531 shares during the last quarter. Finally, Distillate Capital Partners LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $15,001,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SW shares. UBS Group dropped 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. Barclays dropped their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Weiss Ratings reaffirmed 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. Finally, Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $38.93 on Thursday. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The stock has a market capitalization of $20.42 billion, a P/E ratio of 54.07 and a beta of 0.96. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average price is $40.34 and its 200 day moving average price is $40.92.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the previous year, the business posted $0.74 EPS. Smurfit Westrock’s revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $0.4523 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.6%. Smurfit Westrock’s dividend payout ratio is presently 251.39%.

About Smurfit Westrock

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.