Aberdeen Group plc Has $1.41 Million Stock Holdings in Smurfit Westrock PLC $SW

Key Points

• Aberdeen Group plc reduced its holdings in Smurfit Westrock PLC by 21.7% during the second quarter, bringing its ownership to 32,618 shares worth approximately $1.41 million.
• Multiple hedge funds have shown increased interest, with Czech National Bank raising its stake by 6.7% and QRG Capital Management increasing its stake by 106.3%.
• Research analysts are optimistic about Smurfit Westrock, with an average buy rating and a price target of $57.90, reflecting positive sentiment towards the company’s performance and future outlook.

Aberdeen Group plc trimmed its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 21.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,618 shares of the company's stock after selling 9,019 shares during the quarter. Aberdeen Group plc's holdings in Smurfit Westrock were worth $1,407,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SW. Czech National Bank boosted its holdings in shares of Smurfit Westrock by 6.7% in the second quarter. Czech National Bank now owns 121,218 shares of the company's stock valued at $5,231,000 after buying an additional 7,657 shares during the period. Centennial Wealth Advisory LLC bought a new stake in Smurfit Westrock in the 2nd quarter valued at $481,000. QRG Capital Management Inc. boosted its stake in Smurfit Westrock by 106.3% in the 1st quarter. QRG Capital Management Inc. now owns 11,709 shares of the company's stock worth $528,000 after purchasing an additional 6,032 shares during the period. Foresight Group Ltd Liability Partnership bought a new position in Smurfit Westrock during the 1st quarter worth about $26,028,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Smurfit Westrock by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company's stock valued at $2,610,000 after purchasing an additional 1,600 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SW shares. JPMorgan Chase & Co. upped their price objective on Smurfit Westrock from $60.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Truist Financial boosted their target price on Smurfit Westrock from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Barclays decreased their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Seaport Res Ptn raised shares of Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Finally, UBS Group began coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a "buy" rating and a $60.00 target price for the company. 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. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $57.90.

Smurfit Westrock Stock Performance

NYSE SW opened at $41.51 on Friday. The firm has a market capitalization of $21.67 billion, a P/E ratio of 62.89 and a beta of 1.09. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm's fifty day moving average price is $43.88 and its two-hundred day moving average price is $43.81. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. Smurfit Westrock's revenue was up 167.4% on a year-over-year basis. As a group, research analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were paid a $0.4308 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.72 annualized dividend and a yield of 4.2%. Smurfit Westrock's dividend payout ratio is currently 260.61%.

About Smurfit Westrock

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.

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