135,262 Shares in Smurfit Westrock PLC $SW Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 135,262 Smurfit Westrock shares in the third quarter, valued at approximately $5.97 million. Institutional investors collectively own 83.38% of the stock.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $55.15; recent ratings were mixed, including a Zacks downgrade to “Strong Sell.”
• Smurfit Westrock missed quarterly earnings expectations, reporting $0.45 per share versus a $0.60 estimate, while revenue rose 2% year over year to $8.16 billion. It also announced a quarterly dividend of $0.4523 per share, equivalent to a 4.1% yield.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 135,262 shares of the company's stock, valued at approximately $5,965,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its holdings in shares of Smurfit Westrock by 0.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 140,975 shares of the company's stock worth $6,522,000 after purchasing an additional 416 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Smurfit Westrock by 0.3% during the third quarter. Sound Income Strategies LLC now owns 135,584 shares of the company's stock valued at $5,620,000 after purchasing an additional 423 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Smurfit Westrock by 2.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,632 shares of the company's stock valued at $868,000 after purchasing an additional 495 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company's stock valued at $31,000 after buying an additional 501 shares during the last quarter. Finally, North Dakota State Investment Board boosted its position in shares of Smurfit Westrock by 3.3% during the third quarter. North Dakota State Investment Board now owns 15,998 shares of the company's stock valued at $706,000 after buying an additional 507 shares during the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Loop Capital set a $71.00 price objective on Smurfit Westrock in a report on Tuesday, July 28th. Wells Fargo & Company upped their target price on shares of Smurfit Westrock from $52.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Truist Financial dropped their price target on shares of Smurfit Westrock from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Thursday, October 29th. Royal Bank Of Canada reduced their price target on shares of Smurfit Westrock from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Friday, October 16th. Finally, Zacks Research lowered shares of Smurfit Westrock from a "hold" rating to a "strong sell" rating in a research note on Friday, October 30th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.15.

Smurfit Westrock Price Performance

NYSE SW opened at $44.49 on Friday. The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 1.84 and a beta of 1.01. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The business's fifty day moving average price is $43.60 and its 200-day moving average price is $43.53.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.15). Smurfit Westrock had a return on equity of 4.27% and a net margin of 1.50%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the previous year, the firm earned $0.58 EPS. The business's revenue was up 2.0% on a year-over-year basis. On average, equities analysts predict that Smurfit Westrock PLC will post 1.71 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be given a $0.4523 dividend. This represents a $1.81 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, November 13th. Smurfit Westrock's dividend payout ratio (DPR) is presently 202.25%.

About Smurfit Westrock

Smurfit Westrock plc NYSE: SW is a global provider of sustainable paper and packaging solutions. The company produces containerboard, corrugated packaging, folding cartons, paper bags, displays and other packaging products designed for consumer, retail, industrial and e-commerce applications. It also provides packaging design, supply-chain support and recycling services.

Smurfit Westrock was formed in July 2024 through the combination of Smurfit Kappa Group and WestRock. The transaction brought together two established packaging businesses with roots in Europe and North America.

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