Smurfit Westrock PLC $SW Stock Holdings Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in shares of Smurfit Westrock PLC (NYSE:SW) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,127 shares of the company’s stock after purchasing an additional 39,837 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Smurfit Westrock were worth $5,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SW. AQR Capital Management LLC lifted its holdings in shares of Smurfit Westrock by 90.5% in the first quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after purchasing an additional 6,378 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Smurfit Westrock by 6.7% during the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after acquiring an additional 346 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Smurfit Westrock by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after acquiring an additional 2,698 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Smurfit Westrock by 192.3% during the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after acquiring an additional 8,726 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Smurfit Westrock by 40.8% during the first quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after acquiring an additional 12,096 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Down 1.8%

Smurfit Westrock stock opened at $40.54 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The business’s 50-day simple moving average is $40.29 and its 200-day simple moving average is $40.82. The firm has a market capitalization of $21.26 billion, a PE ratio of 56.30 and a beta of 0.96. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65.

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

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, May 15th. Smurfit Westrock’s payout ratio is presently 251.39%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SW. Wells Fargo & Company cut their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a report on Wednesday, May 6th. Citigroup cut their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, UBS Group cut their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.