ABN Amro Investment Solutions Buys New Shares in Smurfit Westrock PLC $SW

ABN Amro Investment Solutions acquired a new position in Smurfit Westrock PLC (NYSE:SW) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,438 shares of the company’s stock, valued at approximately $1,014,000.

Other institutional investors have also recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Smurfit Westrock during the 4th quarter valued at approximately $28,000. DV Equities LLC bought a new position in Smurfit Westrock in the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC grew its holdings in Smurfit Westrock by 187.6% during the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after buying an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Smurfit Westrock during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SW. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock in a report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 target price on the stock. Truist Financial raised their target price on shares of Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, UBS Group decreased their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

Smurfit Westrock Price Performance

SW stock opened at $48.67 on Friday. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65. 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 company has a 50-day moving average price of $42.89 and a 200 day moving average price of $42.60. The stock has a market cap of $25.52 billion, a PE ratio of 67.59, a P/E/G ratio of 0.81 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share 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 previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Smurfit Westrock PLC will post 2.24 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. Shareholders of record on Friday, May 15th were given a $0.4523 dividend. This represents a $1.81 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 251.39%.

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.