Smurfit Westrock PLC $SW Shares Acquired by Blue Trust Inc.

Blue Trust Inc. grew its stake in Smurfit Westrock PLC (NYSE:SW) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,800 shares of the company’s stock after purchasing an additional 966 shares during the quarter. Blue Trust Inc.’s holdings in Smurfit Westrock were worth $854,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SW. Zions Bancorporation National Association UT acquired a new stake in shares of Smurfit Westrock in the first quarter valued at about $29,000. Tsfg LLC acquired a new stake in shares of Smurfit Westrock in the first quarter valued at about $30,000. IMA Advisory Services Inc. acquired a new stake in shares of Smurfit Westrock in the first quarter valued at about $30,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Smurfit Westrock in the first quarter valued at about $40,000. Finally, SVB Wealth LLC acquired a new stake in shares of Smurfit Westrock in the first quarter valued at about $49,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Wednesday. Barclays decreased their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday, June 30th. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Morgan Stanley raised their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company set a $52.00 price target on shares of Smurfit Westrock and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $57.80.

Smurfit Westrock Price Performance

Shares of SW stock opened at $40.53 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. The firm’s 50-day moving average is $44.08 and its two-hundred day moving average is $43.92. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99. The company has a market capitalization of $21.16 billion, a PE ratio of 61.40 and a beta of 1.09.

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

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were paid a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a yield of 4.3%. 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.