Amundi Has $214.50 Million Stock Holdings in Smurfit Westrock PLC $SW

Key Points

• Amundi has increased its stake in Smurfit Westrock PLC by 6.6%, bringing its total ownership to 5,022,339 shares valued at approximately $214.5 million.
• Wall Street analysts remain optimistic, with eight analysts rating the stock as a "Buy" and an average target price of $57.78, following various upgrades in target prices from firms like Truist Financial and Jefferies.
• Smurfit Westrock recently announced a quarterly dividend of $0.4308 per share, translating to an annual yield of 3.7%, despite a high payout ratio of 260.61%.

Amundi grew its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,022,339 shares of the company's stock after buying an additional 311,770 shares during the period. Amundi owned 0.96% of Smurfit Westrock worth $214,504,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SW. Nuveen LLC acquired a new stake in shares of Smurfit Westrock in the 1st quarter valued at approximately $1,051,299,000. Nuveen Asset Management LLC raised its holdings in Smurfit Westrock by 51.6% in the fourth quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after purchasing an additional 7,050,781 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of Smurfit Westrock by 74.8% during the first quarter. Orbis Allan Gray Ltd now owns 10,114,213 shares of the company's stock worth $455,746,000 after purchasing an additional 4,329,653 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Smurfit Westrock by 39.3% in the 1st quarter. JPMorgan Chase & Co. now owns 6,100,067 shares of the company's stock valued at $274,869,000 after buying an additional 1,721,889 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Smurfit Westrock during the 4th quarter worth $72,812,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Price Performance

Shares of NYSE:SW traded down $1.32 during trading on Tuesday, reaching $45.37. 3,358,871 shares of the company traded hands, compared to its average volume of 3,750,065. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 52 week low of $37.01 and a 52 week high of $56.99. The firm has a market capitalization of $23.69 billion, a PE ratio of 68.74 and a beta of 1.04. The company's 50 day moving average is $45.83 and its two-hundred day moving average is $44.56.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (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 firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. The company's revenue for the quarter was up 167.4% compared to the same quarter last year. As a group, sell-side analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.4308 per share. The ex-dividend date is Friday, August 15th. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. Smurfit Westrock's dividend payout ratio is 260.61%.

Analyst Ratings Changes

SW has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Truist Financial increased their target price on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Barclays dropped their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $57.78.

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.