Janus Henderson Group PLC Has $8.35 Million Stock Holdings in Smurfit Westrock PLC $SW

Janus Henderson Group PLC grew its position in Smurfit Westrock PLC (NYSE:SW) by 11.2% during the first quarter, HoldingsChannel reports. The firm owned 212,511 shares of the company’s stock after buying an additional 21,388 shares during the quarter. Janus Henderson Group PLC’s holdings in Smurfit Westrock were worth $8,350,000 as of its most recent filing with the Securities & Exchange Commission.

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

Smurfit Westrock Stock Down 0.2%

NYSE SW opened at $48.44 on Thursday. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The stock has a market cap of $25.41 billion, a PE ratio of 51.54, a PEG ratio of 0.86 and a beta of 0.96. The firm has a 50-day simple moving average of $44.56 and a 200 day simple moving average of $42.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.45.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. On average, research analysts forecast that Smurfit Westrock PLC will post 2.13 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 14th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 192.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group dropped their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Royal Bank Of Canada raised their target price on Smurfit Westrock from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price target on shares of Smurfit Westrock in a report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Smurfit Westrock from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.62.

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.