Balefire LLC Has $328,000 Holdings in Smurfit Westrock PLC $SW

Balefire LLC decreased its position in Smurfit Westrock PLC (NYSE:SW) by 65.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,085 shares of the company’s stock after selling 13,311 shares during the quarter. Balefire LLC’s holdings in Smurfit Westrock were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SW. Capital Research Global Investors raised its position in shares of Smurfit Westrock by 31.2% in the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after purchasing an additional 8,596,558 shares during the period. State Street Corp increased its position in shares of Smurfit Westrock by 3.6% during the 4th quarter. State Street Corp now owns 24,652,132 shares of the company’s stock valued at $953,311,000 after purchasing an additional 845,218 shares during the last quarter. Orbis Allan Gray Ltd lifted its stake in Smurfit Westrock by 81.9% in 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 last quarter. Geode Capital Management LLC increased its position in shares of Smurfit Westrock by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after acquiring an additional 155,778 shares during the period. Finally, Norges Bank purchased a new stake in Smurfit Westrock in the 4th quarter worth approximately $495,335,000. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Smurfit Westrock in a research note on Tuesday, June 23rd. They set a “buy” rating and a $57.00 price target on the stock. UBS Group lowered their target price on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Loop Capital set a $71.00 price objective on Smurfit Westrock in a research report on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.62.

Smurfit Westrock Trading Up 2.8%

NYSE:SW opened at $48.23 on Friday. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 51.31, a PEG ratio of 0.83 and a beta of 0.96. 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 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $44.82 and a 200 day moving average of $43.02.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 2.13 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.8%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 192.55%.

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.