OLD Mission Capital LLC Buys Shares of 10,503 Smurfit Westrock PLC $SW

Key Points

• OLD Mission Capital LLC acquired 10,503 shares of Smurfit Westrock PLC valued at approximately $473,000 in the first quarter.
• Smurfit Westrock recently declared a quarterly dividend of $0.4308 per share with an annualized dividend yield of 3.7%.
• Analysts have a consensus target price of $57.78 for Smurfit Westrock, with the majority rating it as a "Moderate Buy".

OLD Mission Capital LLC bought a new position in Smurfit Westrock PLC (NYSE:SW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,503 shares of the company's stock, valued at approximately $473,000.

A number of other large investors have also bought and sold shares of SW. Zions Bancorporation National Association UT purchased a new position in Smurfit Westrock in the 1st quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. purchased a new position in Smurfit Westrock in the 4th quarter worth approximately $30,000. Tsfg LLC purchased a new position in Smurfit Westrock in the 1st quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new position in Smurfit Westrock in the 1st quarter worth approximately $30,000. Finally, Versant Capital Management Inc increased its stake in Smurfit Westrock by 54.0% in the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after purchasing an additional 273 shares during the period. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Down 2.0%

Shares of Smurfit Westrock stock traded down $0.93 during midday trading on Monday, hitting $45.98. The company had a trading volume of 902,855 shares, compared to its average volume of 3,742,946. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The stock has a market capitalization of $24.00 billion, a P/E ratio of 69.62 and a beta of 1.04. The company has a 50 day moving average of $45.76 and a 200 day moving average of $44.60. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.45 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 during the quarter, compared to analysts' expectations of $7.88 billion. Smurfit Westrock's quarterly revenue was up 167.4% compared to the same quarter last year. On average, equities analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 15th will be paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Smurfit Westrock's dividend payout ratio is currently 260.61%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their price target on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Barclays reduced their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. Morgan Stanley boosted their target price on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Truist Financial boosted their target price on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.78.

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.