38,873 Shares in Smurfit Westrock PLC $SW Acquired by Stance Capital LLC

Stance Capital LLC bought a new stake in shares of Smurfit Westrock PLC (NYSE:SW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,873 shares of the company’s stock, valued at approximately $1,503,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Smurfit Westrock during the 4th quarter worth $495,335,000. Capital Research Global Investors grew its holdings in shares of Smurfit Westrock by 31.2% in the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock worth $1,397,057,000 after acquiring an additional 8,596,558 shares during the last quarter. Orbis Allan Gray Ltd raised its position in shares of Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after purchasing an additional 8,286,205 shares during the period. UBS Group AG raised its position in shares of Smurfit Westrock by 272.0% during the third quarter. UBS Group AG now owns 11,240,153 shares of the company’s stock worth $478,493,000 after purchasing an additional 8,218,351 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Smurfit Westrock by 8,132.7% during the fourth quarter. AQR Capital Management LLC now owns 5,724,100 shares of the company’s stock valued at $221,351,000 after purchasing an additional 5,654,571 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Truist Financial set a $50.00 price objective on Smurfit Westrock in a report on Friday, May 1st. Wall Street Zen lowered shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Royal Bank Of Canada decreased their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Barclays dropped their target price on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Stock Performance

Shares of SW opened at $44.18 on Friday. The company’s 50 day moving average price is $40.86 and its 200 day moving average price is $41.31. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a market capitalization of $23.17 billion, a PE ratio of 61.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44.

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

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.4523 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.1%. Smurfit Westrock’s dividend payout ratio is 251.39%.

Smurfit Westrock Profile

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.