Smurfit Westrock PLC $SW Stock Position Raised by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC raised its position in shares of Smurfit Westrock PLC (NYSE:SW) by 89.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,833 shares of the company’s stock after purchasing an additional 7,021 shares during the period. GC Wealth Management RIA LLC’s holdings in Smurfit Westrock were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Moody National Bank Trust Division raised its stake in shares of Smurfit Westrock by 1.7% in the 2nd quarter. Moody National Bank Trust Division now owns 15,001 shares of the company’s stock valued at $647,000 after acquiring an additional 255 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Smurfit Westrock by 21.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $64,000 after acquiring an additional 267 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Smurfit Westrock by 54.0% in the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock valued at $35,000 after acquiring an additional 273 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Smurfit Westrock by 6.1% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,053 shares of the company’s stock valued at $226,000 after acquiring an additional 290 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Smurfit Westrock by 20.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,721 shares of the company’s stock valued at $78,000 after acquiring an additional 295 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $42.63 on Wednesday. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99. The firm has a market capitalization of $22.26 billion, a PE ratio of 64.60 and a beta of 1.04. The business’s 50 day moving average is $44.94 and its 200-day moving average is $44.11. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.12). The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.Smurfit Westrock’s revenue was up 167.4% on a year-over-year basis. Sell-side analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were paid a $0.4308 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 annualized dividend and a yield of 4.0%. Smurfit Westrock’s payout ratio is currently 260.61%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Jefferies Financial Group raised Smurfit Westrock from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Barclays lowered their target price on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. UBS Group initiated coverage on Smurfit Westrock in a report on Monday, September 15th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Truist Financial raised their target price on Smurfit Westrock from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

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.