Smurfit Westrock PLC $SW Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in Smurfit Westrock PLC (NYSE:SW) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,214 shares of the company’s stock after buying an additional 25,278 shares during the quarter. IFM Investors Pty Ltd’s holdings in Smurfit Westrock were worth $4,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SW. AQR Capital Management LLC lifted its stake in Smurfit Westrock by 90.5% in the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after acquiring an additional 6,378 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Smurfit Westrock by 6.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after purchasing an additional 346 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Smurfit Westrock by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after purchasing an additional 2,698 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Smurfit Westrock by 192.3% during the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after purchasing an additional 8,726 shares during the period. Finally, Woodline Partners LP boosted its holdings in shares of Smurfit Westrock by 40.8% during the first quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after purchasing an additional 12,096 shares during the period. 83.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SW has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. UBS Group decreased their price objective 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. Barclays cut their price objective on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. The Goldman Sachs Group started coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target on the stock. Finally, Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $53.33.

Smurfit Westrock Stock Performance

SW stock opened at $45.89 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The company has a 50 day moving average price of $41.72 and a 200 day moving average price of $41.99. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $52.65. The stock has a market capitalization of $24.07 billion, a PE ratio of 63.74, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data 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 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 the consensus estimate of $7.57 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that Smurfit Westrock PLC will post 2.31 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) 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.