Trinity Street Asset Management LLP Takes Position in Smurfit Westrock PLC $SW

Trinity Street Asset Management LLP purchased a new stake in shares of Smurfit Westrock PLC (NYSE:SW) in the second quarter, according to its most recent filing with the SEC. The firm purchased 5,261,555 shares of the company’s stock, valued at approximately $243,400,000. Smurfit Westrock accounts for about 12.5% of Trinity Street Asset Management LLP’s portfolio, making the stock its 3rd largest position.

Several other institutional investors have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Smurfit Westrock in the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in Smurfit Westrock during the fourth quarter worth $28,000. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock during the second quarter worth $29,000. Root Financial Partners LLC grew its holdings in Smurfit Westrock by 187.6% in the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after purchasing an additional 501 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Smurfit Westrock in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

SW has been the topic of several recent research reports. Royal Bank Of Canada boosted their price objective on shares of Smurfit Westrock from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Citigroup raised their target price on shares of Smurfit Westrock from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Loop Capital set a $71.00 target price on shares of Smurfit Westrock in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report 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. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average target price of $57.62.

Smurfit Westrock Trading Down 0.8%

Smurfit Westrock stock opened at $49.21 on Thursday. The stock has a 50-day moving average price of $45.23 and a 200 day moving average price of $43.18. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The stock has a market cap of $25.81 billion, a PE ratio of 52.35, a P/E/G ratio of 0.88 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter last year, the company posted ($0.05) earnings per share. Smurfit Westrock’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that Smurfit Westrock PLC will post 2.13 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 14th. Smurfit Westrock’s payout ratio is currently 192.55%.

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.