Recurrent Investment Advisors LLC Grows Stock Holdings in Smurfit Westrock PLC $SW

Recurrent Investment Advisors LLC boosted its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 113.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,095 shares of the company’s stock after purchasing an additional 13,874 shares during the period. Recurrent Investment Advisors LLC’s holdings in Smurfit Westrock were worth $1,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its stake in shares of Smurfit Westrock by 79,790.6% during the 4th quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock valued at $5,459,000 after purchasing an additional 127,665 shares during the period. BIP Wealth LLC bought a new position in shares of Smurfit Westrock in the 4th quarter worth approximately $2,412,000. AE Wealth Management LLC lifted its stake in shares of Smurfit Westrock by 9.1% in the 4th quarter. AE Wealth Management LLC now owns 369,652 shares of the company’s stock worth $14,294,000 after purchasing an additional 30,804 shares during the period. Howard Capital Management Inc. purchased a new position in shares of Smurfit Westrock in the fourth quarter worth approximately $924,000. Finally, Horizon Investments LLC boosted its holdings in shares of Smurfit Westrock by 1,042.7% in the fourth quarter. Horizon Investments LLC now owns 207,429 shares of the company’s stock worth $8,021,000 after buying an additional 189,276 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 1.4%

SW stock opened at $50.79 on Wednesday. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The stock has a market cap of $26.64 billion, a P/E ratio of 70.55, a PEG ratio of 0.83 and a beta of 0.95. The business’s 50-day moving average price is $43.45 and its 200-day moving average price is $42.76.

Smurfit Westrock (NYSE:SW) last announced 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). The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. On average, equities research analysts forecast that Smurfit Westrock PLC will post 2.24 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is presently 251.39%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Citigroup boosted their price objective on shares of Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wells Fargo & Company upped their price objective on Smurfit Westrock from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.54.

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.