Maple Rock Capital Partners Inc. Buys Shares of 2,608,298 Smurfit Westrock PLC $SW

Maple Rock Capital Partners Inc. purchased a new position in Smurfit Westrock PLC (NYSE:SW) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,608,298 shares of the company’s stock, valued at approximately $120,660,000. Smurfit Westrock accounts for 2.4% of Maple Rock Capital Partners Inc.’s portfolio, making the stock its 14th largest holding. Maple Rock Capital Partners Inc. owned 0.50% of Smurfit Westrock as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new stake in Smurfit Westrock in the second quarter worth about $29,000. DV Equities LLC acquired a new position in Smurfit Westrock in the 4th quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Smurfit Westrock during the fourth quarter valued at $28,000. Root Financial Partners LLC grew its stake in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Smurfit Westrock during the fourth quarter valued at approximately $31,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

SW opened at $46.95 on Tuesday. The firm has a market capitalization of $24.63 billion, a PE ratio of 49.95, a PEG ratio of 0.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.45. The business’s 50-day simple moving average is $46.75 and its 200 day simple moving average is $43.69. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Smurfit Westrock’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, 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 company 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. This represents a $1.81 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 192.55%.

Analyst Ratings Changes

SW has been the topic of several recent research reports. Morgan Stanley raised their price objective on shares of Smurfit Westrock from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Royal Bank Of Canada lifted their price objective on Smurfit Westrock from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on Smurfit Westrock from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of Smurfit Westrock from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.69.

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.