Groupama Asset Managment Acquires 80,778 Shares of Smurfit Westrock PLC $SW

Groupama Asset Managment increased its holdings in Smurfit Westrock PLC (NYSE:SW) by 15.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 608,350 shares of the company’s stock after buying an additional 80,778 shares during the period. Groupama Asset Managment owned 0.12% of Smurfit Westrock worth $26,250,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Czech National Bank lifted its holdings in Smurfit Westrock by 6.7% during the 2nd quarter. Czech National Bank now owns 121,218 shares of the company’s stock worth $5,231,000 after purchasing an additional 7,657 shares in the last quarter. Banque Pictet & Cie SA grew its holdings in Smurfit Westrock by 42.5% during the 2nd quarter. Banque Pictet & Cie SA now owns 355,610 shares of the company’s stock valued at $15,345,000 after buying an additional 106,040 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Smurfit Westrock by 14.3% during the second quarter. Metis Global Partners LLC now owns 60,661 shares of the company’s stock valued at $2,618,000 after buying an additional 7,588 shares during the period. Centennial Wealth Advisory LLC bought a new stake in shares of Smurfit Westrock during the second quarter valued at about $481,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Smurfit Westrock by 16.2% in the second quarter. PNC Financial Services Group Inc. now owns 58,472 shares of the company’s stock worth $2,523,000 after buying an additional 8,161 shares in the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Up 2.4%

Shares of SW opened at $35.81 on Friday. The firm has a market cap of $18.70 billion, a P/E ratio of 25.04 and a beta of 1.11. The stock has a 50 day simple moving average of $39.25 and a two-hundred day simple moving average of $42.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.95. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $56.05.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The business had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.89 billion. Smurfit Westrock’s revenue was up 4.3% compared to the same quarter last year. On average, analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be issued a $0.4308 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 4.8%. Smurfit Westrock’s payout ratio is currently 120.28%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SW. UBS Group initiated coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a “buy” rating and a $60.00 target price on the stock. Barclays decreased their price target on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Zacks Research cut Smurfit Westrock from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. JPMorgan Chase & Co. raised their price target on Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

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.