Raiffeisen Bank International AG Has $844,000 Position in Smurfit Westrock PLC $SW

Raiffeisen Bank International AG grew its position in Smurfit Westrock PLC (NYSE:SW) by 2,920.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,272 shares of the company’s stock after acquiring an additional 17,667 shares during the period. Raiffeisen Bank International AG’s holdings in Smurfit Westrock were worth $844,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wahed Invest LLC boosted its stake in shares of Smurfit Westrock by 1.6% during the 4th quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after acquiring an additional 221 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Smurfit Westrock by 4.1% in the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after purchasing an additional 264 shares during the last quarter. AXA S.A. increased its holdings in shares of Smurfit Westrock by 1.3% in the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after purchasing an additional 285 shares during the last quarter. Mariner LLC raised its position in shares of Smurfit Westrock by 0.9% in the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after purchasing an additional 294 shares during the period. Finally, Creative Planning raised its position in shares of Smurfit Westrock by 5.0% in the third quarter. Creative Planning now owns 7,082 shares of the company’s stock valued at $301,000 after purchasing an additional 338 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $45.92 on Friday. 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 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 48.85, a PEG ratio of 1.47 and a beta of 0.95. The business’s 50-day moving average price is $46.70 and its 200-day moving average price is $43.58.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.93 billion. Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. Equities research analysts forecast that Smurfit Westrock PLC will post 1.98 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 192.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SW. Wells Fargo & Company lifted their target price on shares of Smurfit Westrock from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Wall Street Zen raised Smurfit Westrock from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Seaport Research Partners reissued a “buy” rating and issued a $54.00 target price on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Morgan Stanley raised their price target on shares of Smurfit Westrock from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, Citigroup lifted their price objective on Smurfit Westrock from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $57.69.

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.