SEB Asset Management AB Takes $4.12 Million Position in Smurfit Westrock PLC $SW

SEB Asset Management AB acquired a new stake in shares of Smurfit Westrock PLC (NYSE:SW) during the 1st quarter, Holdings Channel.com reports. The fund acquired 103,258 shares of the company’s stock, valued at approximately $4,115,000.

Several other large investors also recently bought and sold shares of the business. Swiss National Bank lifted its stake in Smurfit Westrock by 7.1% during the 1st quarter. Swiss National Bank now owns 1,532,397 shares of the company’s stock valued at $61,066,000 after acquiring an additional 101,500 shares during the period. Bessemer Group Inc. grew its stake in shares of Smurfit Westrock by 93.1% in the first quarter. Bessemer Group Inc. now owns 3,208 shares of the company’s stock worth $128,000 after acquiring an additional 1,547 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Smurfit Westrock by 2.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,632 shares of the company’s stock worth $868,000 after acquiring an additional 495 shares during the period. Prosperity Consulting Group LLC grew its stake in shares of Smurfit Westrock by 14.1% in the first quarter. Prosperity Consulting Group LLC now owns 13,083 shares of the company’s stock worth $521,000 after acquiring an additional 1,620 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in shares of Smurfit Westrock by 37.6% during the first quarter. Wealthfront Advisers LLC now owns 13,406 shares of the company’s stock valued at $534,000 after purchasing an additional 3,662 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Price Performance

NYSE SW opened at $44.49 on Thursday. The company has a 50-day moving average price of $42.60 and a 200-day moving average price of $42.52. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $23.33 billion, a P/E ratio of 61.80, 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 earnings per share (EPS) 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 business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. Equities research analysts anticipate that Smurfit Westrock PLC will post 2.24 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.4523 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.1%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SW. Truist Financial increased their price objective on shares of Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada boosted their target price on shares of Smurfit Westrock from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and set a $57.00 price target on shares of Smurfit Westrock in a report on Wednesday, May 6th. Finally, Barclays dropped their price target on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.83.

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.