SG Americas Securities LLC Buys 402,911 Shares of Smurfit Westrock PLC $SW

SG Americas Securities LLC increased its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 264.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 555,264 shares of the company’s stock after acquiring an additional 402,911 shares during the period. SG Americas Securities LLC owned about 0.11% of Smurfit Westrock worth $22,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC boosted its position in Smurfit Westrock by 79,790.6% during the 4th quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after acquiring an additional 127,665 shares during the last quarter. BIP Wealth LLC acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $2,412,000. Tounjian Advisory Partners LLC bought a new stake in shares of Smurfit Westrock in the third quarter worth $958,000. Barclays PLC lifted its position in shares of Smurfit Westrock by 152.2% in the third quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock worth $224,333,000 after purchasing an additional 3,180,531 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new position in Smurfit Westrock during the third quarter worth $15,001,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SW has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $57.00 target price on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Smurfit Westrock in a report on Tuesday. They set a “buy” rating and a $57.00 target price on the stock. 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. Finally, The Goldman Sachs Group began coverage on Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $46.50 on Thursday. The company has a fifty day moving average price of $41.06 and a two-hundred day moving average price of $41.55. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The stock has a market cap of $24.39 billion, a P/E ratio of 64.58 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 released its quarterly earnings data 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 firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders 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 yield of 3.9%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s 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.