Y Intercept Hong Kong Ltd Makes New Investment in Smurfit Westrock PLC $SW

Y Intercept Hong Kong Ltd bought a new position in Smurfit Westrock PLC (NYSE:SW) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 160,845 shares of the company’s stock, valued at approximately $6,410,000.

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

Smurfit Westrock Stock Performance

Shares of SW opened at $45.89 on Friday. The firm has a market capitalization of $24.07 billion, a P/E ratio of 63.74, a PEG ratio of 0.92 and a beta of 0.95. 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 PLC has a one year low of $32.73 and a one year high of $52.65. The business has a fifty day moving average of $41.72 and a 200 day moving average of $41.99.

Smurfit Westrock (NYSE:SW) last posted 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 firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 2.31 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.4523 dividend. This represents a $1.81 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 251.39%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SW shares. JPMorgan Chase & Co. dropped their price objective on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. The Goldman Sachs Group assumed coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 target price for the company. Royal Bank Of Canada dropped 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. Wells Fargo & Company dropped their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Finally, Wall Street Zen lowered shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

About Smurfit Westrock

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.