De Lisle Partners LLP Has $5.91 Million Stock Holdings in Smurfit Westrock PLC $SW

De Lisle Partners LLP grew its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,000 shares of the company’s stock after buying an additional 12,000 shares during the quarter. De Lisle Partners LLP’s holdings in Smurfit Westrock were worth $5,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SW. Banque Pictet & Cie SA lifted its holdings in shares of Smurfit Westrock by 42.5% in the second quarter. Banque Pictet & Cie SA now owns 355,610 shares of the company’s stock valued at $15,345,000 after purchasing an additional 106,040 shares in the last quarter. Czech National Bank grew its holdings in Smurfit Westrock by 6.7% during the second quarter. Czech National Bank now owns 121,218 shares of the company’s stock worth $5,231,000 after buying an additional 7,657 shares in the last quarter. Metis Global Partners LLC raised its position in Smurfit Westrock by 14.3% in the 2nd 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 last quarter. PNC Financial Services Group Inc. lifted its stake in Smurfit Westrock by 16.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 58,472 shares of the company’s stock valued at $2,523,000 after acquiring an additional 8,161 shares in the last quarter. Finally, Centennial Wealth Advisory LLC bought a new position in Smurfit Westrock during the 2nd quarter valued at $481,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 0.3%

SW opened at $35.69 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 24.96 and a beta of 1.11. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $56.05. The company’s 50-day moving average price is $39.08 and its two-hundred day moving average price is $42.89.

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

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be paid 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 presently 120.28%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group started coverage on shares of Smurfit Westrock in a research note on Monday, September 15th. They issued a “buy” rating and a $60.00 target price for the company. Zacks Research cut shares of Smurfit Westrock from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Barclays dropped their target price on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley restated an “overweight” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average target price of $55.30.

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.