Asset Management One Co. Ltd. Buys 3,421 Shares of Smurfit Westrock PLC $SW

Asset Management One Co. Ltd. increased its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 1.7% during the 2nd quarter, Holdings Channel reports. The fund owned 207,670 shares of the company’s stock after acquiring an additional 3,421 shares during the period. Asset Management One Co. Ltd.’s holdings in Smurfit Westrock were worth $8,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SW. Zions Bancorporation National Association UT bought a new position in Smurfit Westrock during the first quarter worth $29,000. IMA Advisory Services Inc. bought a new position in Smurfit Westrock during the first quarter worth $30,000. Smallwood Wealth Investment Management LLC bought a new position in Smurfit Westrock during the first quarter worth $40,000. SVB Wealth LLC bought a new position in Smurfit Westrock during the first quarter worth $49,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Smurfit Westrock by 81.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock worth $49,000 after acquiring an additional 507 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $43.43 on Tuesday. The firm has a 50-day moving average of $43.77 and a 200-day moving average of $43.90. The company has a market cap of $22.67 billion, a P/E ratio of 65.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.88 billion. The business’s revenue was up 167.4% compared to the same quarter last year. Equities research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were issued a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 260.61%.

Analyst Upgrades and Downgrades

SW has been the topic of several research analyst reports. Seaport Res Ptn raised shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research note on Wednesday, October 8th. Truist Financial raised their price objective on shares of Smurfit Westrock from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. raised their price objective on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Morgan Stanley raised their price objective on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $57.90.

Smurfit Westrock 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.