Marathon Trading Investment Management LLC Invests $566,000 in Smurfit Westrock PLC $SW

Marathon Trading Investment Management LLC acquired a new position in Smurfit Westrock PLC (NYSE:SW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,628 shares of the company’s stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth $28,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock in the 2nd quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth $31,000. McMillan Office Inc. purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Smurfit Westrock by 4,585.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 937 shares of the company’s stock worth $36,000 after buying an additional 917 shares during the period. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SW shares. JPMorgan Chase & Co. cut their price target on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Wall Street Zen cut Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada cut their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Citigroup cut their target price on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.00.

Smurfit Westrock Stock Down 0.1%

SW opened at $43.28 on Monday. The firm has a 50-day simple moving average of $40.46 and a two-hundred day simple moving average of $41.05. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a market capitalization of $22.70 billion, a PE ratio of 60.11 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same period last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Analysts forecast that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 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.