BNP Paribas Financial Markets Has $47.01 Million Stock Position in Smurfit Westrock PLC $SW

BNP Paribas Financial Markets boosted its stake in Smurfit Westrock PLC (NYSE:SW) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,215,668 shares of the company’s stock after acquiring an additional 29,503 shares during the period. BNP Paribas Financial Markets’ holdings in Smurfit Westrock were worth $47,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its holdings in Smurfit Westrock by 113.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after purchasing an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock in the 2nd quarter valued at $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth $28,000. Clearstead Advisors LLC increased its position in shares of Smurfit Westrock by 231.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock worth $51,000 after buying an additional 927 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in Smurfit Westrock during the second quarter worth $63,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Up 2.5%

NYSE SW opened at $42.27 on Wednesday. The firm has a market capitalization of $22.17 billion, a P/E ratio of 58.71 and a beta of 0.96. The business has a fifty day simple moving average of $40.03 and a 200 day simple moving average of $40.57. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

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

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s payout ratio is presently 251.39%.

Analysts Set New Price Targets

A number of brokerages have commented on SW. Wall Street Zen cut shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada dropped their price objective on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday. Truist Financial set a $50.00 price target on Smurfit Westrock in a research note on Friday, May 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Company 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.