Lbp Am Sa Has $8.89 Million Stake in Smurfit Westrock PLC $SW

Lbp Am Sa decreased its position in Smurfit Westrock PLC (NYSE:SW) by 69.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,064 shares of the company’s stock after selling 469,509 shares during the quarter. Lbp Am Sa’s holdings in Smurfit Westrock were worth $8,892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SW. Versant Capital Management Inc raised its stake in shares of Smurfit Westrock by 54.0% in the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock valued at $35,000 after purchasing an additional 273 shares during the period. GAMMA Investing LLC raised its stake in shares of Smurfit Westrock by 3,720.2% in the 1st quarter. GAMMA Investing LLC now owns 258,014 shares of the company’s stock valued at $11,626,000 after purchasing an additional 251,260 shares during the period. Rhumbline Advisers raised its stake in shares of Smurfit Westrock by 5.7% in the 1st quarter. Rhumbline Advisers now owns 918,099 shares of the company’s stock valued at $41,369,000 after purchasing an additional 49,666 shares during the period. Czech National Bank raised its stake in shares of Smurfit Westrock by 6.0% in the 1st quarter. Czech National Bank now owns 113,561 shares of the company’s stock valued at $5,117,000 after purchasing an additional 6,419 shares during the period. Finally, Fiduciary Alliance LLC raised its stake in shares of Smurfit Westrock by 6.8% in the 1st quarter. Fiduciary Alliance LLC now owns 5,018 shares of the company’s stock valued at $226,000 after purchasing an additional 318 shares during the period. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Smurfit Westrock from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Truist Financial upped their target price on Smurfit Westrock from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Morgan Stanley upped their target price on Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Barclays dropped their target price on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and upped their target price for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $42.69 on Thursday. The business’s 50 day moving average price is $44.83 and its two-hundred day moving average price is $44.10. The company has a market cap of $22.29 billion, a PE ratio of 64.67 and a beta of 1.09. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.Smurfit Westrock’s revenue was up 167.4% compared to the same quarter last year. On average, analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock’s payout ratio is 260.61%.

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.