Smurfit Westrock PLC $SW Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in Smurfit Westrock PLC (NYSE:SW) by 58.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,382 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Smurfit Westrock were worth $1,290,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Wahed Invest LLC raised its holdings in shares of Smurfit Westrock by 1.6% in the fourth quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after acquiring an additional 221 shares during the last quarter. International Private Wealth Advisors LLC boosted its stake in shares of Smurfit Westrock by 3.5% during the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock valued at $277,000 after acquiring an additional 245 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Smurfit Westrock by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after acquiring an additional 264 shares during the last quarter. AXA S.A. increased its position in Smurfit Westrock by 1.3% during the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after purchasing an additional 285 shares in the last quarter. Finally, Mariner LLC increased its position in Smurfit Westrock by 0.9% during the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after purchasing an additional 294 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SW shares. Citigroup upped their target price on shares of Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, July 9th. 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. Barclays cut their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Smurfit Westrock from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock in a research report on Tuesday, June 23rd. They set a “buy” rating and a $57.00 target price on the stock. 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, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $54.58.

Smurfit Westrock Stock Up 1.6%

Shares of NYSE:SW opened at $43.58 on Thursday. The stock’s 50-day moving average price is $42.30 and its two-hundred day moving average price is $42.34. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $52.65. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 60.53, a PEG ratio of 0.71 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $7.57 billion. During the same period in the prior year, the company earned $0.74 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, research analysts forecast that Smurfit Westrock PLC will post 2.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a yield of 4.2%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 250.00%.

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.