Nomura Asset Management Co. Ltd. Purchases 12,522 Shares of Smurfit Westrock PLC $SW

Nomura Asset Management Co. Ltd. lifted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,336 shares of the company’s stock after acquiring an additional 12,522 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Smurfit Westrock were worth $7,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MUFG Securities EMEA plc lifted its holdings in shares of Smurfit Westrock by 114.4% during the 4th quarter. MUFG Securities EMEA plc now owns 21,429 shares of the company’s stock worth $829,000 after acquiring an additional 11,435 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Smurfit Westrock by 2.5% during the 4th quarter. BNP Paribas Financial Markets now owns 1,215,668 shares of the company’s stock worth $47,010,000 after acquiring an additional 29,503 shares during the period. Forsta AP Fonden lifted its holdings in shares of Smurfit Westrock by 5.1% during the 4th quarter. Forsta AP Fonden now owns 135,400 shares of the company’s stock worth $5,236,000 after acquiring an additional 6,600 shares during the period. Norges Bank bought a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $495,335,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $61,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Trading Down 0.1%

Shares of NYSE SW opened at $42.19 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The firm has a 50 day moving average price of $40.22 and a two-hundred day moving average price of $40.66. The stock has a market cap of $22.13 billion, a P/E ratio of 58.60 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same quarter last year, the company posted $0.74 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $0.4523 dividend. This represents a $1.81 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 251.39%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Friday, May 29th. Royal Bank Of Canada cut their price target on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.00.

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.