Saudi Central Bank Has $1.70 Million Holdings in Smurfit Westrock PLC $SW

Saudi Central Bank increased its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 90.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,698 shares of the company’s stock after acquiring an additional 17,424 shares during the quarter. Saudi Central Bank’s holdings in Smurfit Westrock were worth $1,698,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Smurfit Westrock during the fourth quarter worth approximately $28,000. DV Equities LLC bought a new position in Smurfit Westrock during the 4th quarter worth $28,000. CYBER HORNET ETFs LLC acquired a new position in Smurfit Westrock in the 2nd quarter valued at $29,000. Root Financial Partners LLC lifted its position in shares of Smurfit Westrock by 187.6% during the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after acquiring an additional 501 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $31,000. Institutional investors own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SW shares. Wells Fargo & Company raised their price target on Smurfit Westrock from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $54.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock in a research note on Tuesday, June 23rd. They set a “buy” rating and a $57.00 price objective on the stock. Wall Street Zen upgraded shares of Smurfit Westrock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Barclays boosted their target price on shares of Smurfit Westrock from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus target price of $57.69.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $44.27 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.45. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The stock has a market capitalization of $23.22 billion, a P/E ratio of 47.10, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95. The stock has a fifty day moving average of $46.66 and a 200-day moving average of $43.44.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. On average, sell-side analysts expect that Smurfit Westrock PLC will post 1.98 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued a dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.81 annualized dividend and a dividend yield of 4.1%. Smurfit Westrock’s payout ratio is 191.49%.

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.