BNP Paribas Financial Markets Has $44.46 Million Stock Holdings in Smurfit Westrock PLC $SW

Key Points

• BNP Paribas Financial Markets increased its stake in Smurfit Westrock PLC by 2.6% during the first quarter, owning 986,592 shares valued at approximately $44.5 million.
• Analyst reports have raised price targets for Smurfit Westrock, with a consensus rating of "Moderate Buy" and an average target price of $57.78.
• Smurfit Westrock recently announced a quarterly dividend of $0.4308 per share, translating to an annualized dividend yield of 3.6%.

BNP Paribas Financial Markets boosted its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 2.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 986,592 shares of the company's stock after purchasing an additional 24,974 shares during the period. BNP Paribas Financial Markets owned 0.19% of Smurfit Westrock worth $44,456,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at $30,000. Zions Bancorporation National Association UT bought a new stake in Smurfit Westrock during the 1st quarter worth about $29,000. IMA Advisory Services Inc. acquired a new stake in Smurfit Westrock in the 1st quarter valued at about $30,000. Tsfg LLC bought a new position in Smurfit Westrock in the 1st quarter worth approximately $30,000. Finally, Versant Capital Management Inc lifted its holdings in Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after buying an additional 273 shares in the last quarter. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Down 0.4%

SW stock traded down $0.17 during trading hours on Wednesday, reaching $46.94. 4,415,502 shares of the stock were exchanged, compared to its average volume of 3,995,403. The firm's 50-day moving average is $45.62 and its 200-day moving average is $44.85. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 71.12 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95.

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 for the quarter, missing the consensus estimate of $0.57 by ($0.12). The company 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%. The business's revenue for the quarter was up 167.4% on a year-over-year basis. On average, equities research analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.