Alberta Investment Management Corp Purchases New Holdings in Smurfit Westrock PLC $SW

Alberta Investment Management Corp purchased a new stake in shares of Smurfit Westrock PLC (NYSE:SW) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,395,636 shares of the company’s stock, valued at approximately $53,969,000. Alberta Investment Management Corp owned 0.27% of Smurfit Westrock at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. International Private Wealth Advisors LLC raised its holdings in Smurfit Westrock by 3.5% in the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock worth $277,000 after buying an additional 245 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Smurfit Westrock by 4.1% in the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after buying an additional 264 shares during the last quarter. AXA S.A. raised its holdings in Smurfit Westrock by 1.3% in the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after buying an additional 285 shares during the last quarter. Mariner LLC raised its holdings in Smurfit Westrock by 0.9% in the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after buying an additional 294 shares during the last quarter. Finally, Creative Planning raised its holdings in Smurfit Westrock by 5.0% in the third quarter. Creative Planning now owns 7,082 shares of the company’s stock worth $301,000 after buying an additional 338 shares during the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on SW shares. Barclays decreased their target price on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. UBS Group decreased their target price on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Truist Financial set a $50.00 target price on shares of Smurfit Westrock in a report on Friday, May 1st. Finally, Royal Bank Of Canada decreased their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $44.58 on Tuesday. The company has a 50 day moving average price of $40.56 and a 200-day moving average price of $41.12. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The firm has a market capitalization of $23.38 billion, a PE ratio of 61.91 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 (NYSE:SW) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.4523 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.1%. Smurfit Westrock’s payout ratio is currently 251.39%.

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.