63,137 Shares in Smurfit Westrock PLC $SW Purchased by Agman Capital LLC

Agman Capital LLC acquired a new position in shares of Smurfit Westrock PLC (NYSE:SW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 63,137 shares of the company’s stock, valued at approximately $2,442,000. Smurfit Westrock comprises 2.1% of Agman Capital LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors have also made changes to their positions in SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock during the fourth quarter valued at about $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Smurfit Westrock in the second quarter valued at approximately $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $31,000. McMillan Office Inc. purchased a new position in Smurfit Westrock in the fourth quarter worth approximately $35,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Smurfit Westrock by 4,585.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 937 shares of the company’s stock worth $36,000 after acquiring an additional 917 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $43.28 on Friday. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The firm’s 50-day simple moving average is $40.46 and its 200 day simple moving average is $41.00. The firm has a market capitalization of $22.70 billion, a PE ratio of 60.11 and a beta of 0.96.

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

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $0.4523 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. Smurfit Westrock’s payout ratio is currently 251.39%.

Analysts Set New Price Targets

Several analysts have recently weighed in on SW shares. Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada cut their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday, May 29th. JPMorgan Chase & Co. dropped their price objective on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

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.