Oslo Pensjonsforsikring AS Takes Position in Smurfit Westrock PLC $SW

Oslo Pensjonsforsikring AS acquired a new position in shares of Smurfit Westrock PLC (NYSE:SW) in the first quarter, HoldingsChannel reports. The fund acquired 837,817 shares of the company’s stock, valued at approximately $33,387,000. Smurfit Westrock makes up about 5.2% of Oslo Pensjonsforsikring AS’s investment portfolio, making the stock its 3rd largest holding.

Several other large investors have also made changes to their positions in SW. Wahed Invest LLC grew its position in Smurfit Westrock by 1.6% during the fourth quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock valued at $531,000 after acquiring an additional 221 shares during the period. International Private Wealth Advisors LLC increased its stake in Smurfit Westrock by 3.5% during the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock worth $277,000 after acquiring an additional 245 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Smurfit Westrock by 4.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after purchasing an additional 264 shares during the period. AXA S.A. raised its holdings in shares of Smurfit Westrock by 1.3% in the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after purchasing an additional 285 shares during the period. Finally, Mariner LLC lifted its stake in shares of Smurfit Westrock by 0.9% in the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after purchasing an additional 294 shares in the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen cut Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. UBS Group reduced their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group began coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Smurfit Westrock from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $43.06 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The company’s fifty day moving average price is $42.51 and its two-hundred day moving average price is $42.48. The firm has a market capitalization of $22.59 billion, a P/E ratio of 59.81, a P/E/G ratio of 0.72 and a beta of 0.95. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share 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 for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, research analysts anticipate that Smurfit Westrock PLC will post 2.24 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 250.00%.

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.