Marathon Trading Investment Management LLC Acquires Shares of 14,628 Smurfit Westrock PLC $SW

Marathon Trading Investment Management LLC acquired a new stake in shares of Smurfit Westrock PLC (NYSE:SW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,628 shares of the company’s stock, valued at approximately $566,000.

Several other large investors have also bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock in the 2nd quarter worth approximately $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $31,000. McMillan Office Inc. bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $35,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of 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 purchasing an additional 917 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Price Performance

Shares of SW opened at $43.28 on Monday. The firm has a market cap of $22.70 billion, a PE ratio of 60.11 and a beta of 0.96. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $40.46 and a two-hundred day simple moving average of $41.05. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities analysts anticipate that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.4523 dividend. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 251.39%.

Analysts Set New Price Targets

SW has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. Citigroup dropped their price target on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. The Goldman Sachs Group initiated coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target on the stock. Wells Fargo & Company dropped their price target on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 20th. Finally, Wall Street Zen cut Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average target price of $53.00.

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.