ABN AMRO Bank N.V. Raises Stock Holdings in Smurfit Westrock PLC $SW

ABN AMRO Bank N.V. boosted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 544.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 183,130 shares of the company’s stock after acquiring an additional 154,701 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Smurfit Westrock were worth $7,105,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wahed Invest LLC boosted its position in Smurfit Westrock by 1.6% in the fourth quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock valued at $531,000 after buying an additional 221 shares during the last quarter. International Private Wealth Advisors LLC raised its holdings in shares of Smurfit Westrock by 3.5% during the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock worth $277,000 after purchasing an additional 245 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Smurfit Westrock by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after purchasing an additional 264 shares during the period. AXA S.A. lifted its position in Smurfit Westrock by 1.3% during the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after purchasing an additional 285 shares during the period. Finally, Mariner LLC boosted its holdings in Smurfit Westrock by 0.9% in the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after purchasing an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup cut their price target on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Morgan Stanley reissued an “overweight” rating and issued a $57.00 price objective on shares of Smurfit Westrock in a report on Wednesday, May 6th. The Goldman Sachs Group started coverage on Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, UBS Group reduced their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Eleven 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, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average target price of $53.33.

Smurfit Westrock Trading Up 0.5%

Shares of NYSE:SW opened at $47.05 on Friday. The business’s 50 day moving average price is $41.26 and its 200-day moving average price is $41.67. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of 65.35, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.Smurfit Westrock’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. On average, equities research analysts forecast that Smurfit Westrock PLC will post 2.31 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $0.4523 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.8%. 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.