IFM Investors Pty Ltd Has $4.71 Million Holdings in Smurfit Westrock PLC $SW

IFM Investors Pty Ltd grew its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 27.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 118,214 shares of the company’s stock after acquiring an additional 25,278 shares during the period. IFM Investors Pty Ltd’s holdings in Smurfit Westrock were worth $4,711,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock in the second quarter worth approximately $29,000. DV Equities LLC bought a new stake in Smurfit Westrock in the fourth quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Smurfit Westrock during the 4th quarter valued at $31,000. Finally, McMillan Office Inc. purchased a new position in shares of Smurfit Westrock during the 4th quarter valued at $35,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SW has been the topic of several recent research reports. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada decreased their price target on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. UBS Group cut their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, The Goldman Sachs Group assumed coverage on shares of Smurfit Westrock in a research report on Tuesday, March 24th. They set a “buy” rating and a $49.00 target price for the company. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

Smurfit Westrock Price Performance

SW opened at $45.89 on Friday. 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 market cap of $24.07 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The stock has a fifty day simple moving average of $41.72 and a two-hundred day simple moving average of $41.99. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $52.65.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business 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%.The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. Research analysts predict that Smurfit Westrock PLC will post 2.31 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 3.9%. The ex-dividend date 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.