Advisors Preferred LLC Acquires Shares of 75,037 Smurfit Westrock PLC $SW

Advisors Preferred LLC bought a new position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,037 shares of the company's stock, valued at approximately $3,446,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock during the second quarter worth about $29,000. DV Equities LLC purchased a new position in Smurfit Westrock in the fourth quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Smurfit Westrock in the fourth quarter valued at about $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 purchasing an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Smurfit Westrock during the 4th quarter valued at approximately $31,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $48.16 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $25.26 billion, a price-to-earnings ratio of 51.23, a price-to-earnings-growth ratio of 0.89 and a beta of 0.96. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The business has a 50 day simple moving average of $46.11 and a 200-day simple moving average of $43.43.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.07). The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.93 billion. Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) earnings per share. As a group, equities research analysts expect that Smurfit Westrock PLC will post 2.06 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.4523 per share. The ex-dividend date is Friday, August 14th. This represents a $1.81 dividend on an annualized basis and a yield of 3.8%. Smurfit Westrock's payout ratio is currently 192.55%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Seaport Research Partners reaffirmed a "buy" rating and issued a $54.00 target price on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Smurfit Westrock in a research report on Tuesday, June 23rd. They set a "buy" rating and a $57.00 price target for the company. Weiss Ratings raised shares of Smurfit Westrock from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of Smurfit Westrock from $65.00 to $71.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Finally, Zacks Research raised shares of Smurfit Westrock from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus price target of $57.62.

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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