Boston Partners Has $241.18 Million Holdings in Smurfit Westrock PLC (NYSE:SW)

Key Points

• Boston Partners has reduced its stake in Smurfit Westrock PLC by 4.8%, holding approximately 5.37 million shares valued at $241.18 million as of its latest SEC filing.
• Smurfit Westrock reported a quarterly earnings miss, with an EPS of $0.45 compared to the consensus estimate of $0.57, but showed a substantial year-over-year revenue increase of 167.4% to $7.94 billion.
• The company recently announced a quarterly dividend of $0.4308, which will yield 3.8% annually, despite a high dividend payout ratio of 260.61%.

Boston Partners trimmed its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,374,682 shares of the company's stock after selling 268,446 shares during the period. Boston Partners owned about 1.03% of Smurfit Westrock worth $241,182,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted its position in Smurfit Westrock by 3.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,002 shares of the company's stock valued at $811,000 after buying an additional 586 shares during the last quarter. National Pension Service boosted its position in Smurfit Westrock by 12.1% in the 1st quarter. National Pension Service now owns 843,136 shares of the company's stock valued at $37,992,000 after buying an additional 90,824 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Smurfit Westrock by 85.3% in the 1st quarter. Russell Investments Group Ltd. now owns 337,724 shares of the company's stock valued at $15,202,000 after buying an additional 155,495 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Smurfit Westrock by 9.5% in the 1st quarter. Public Sector Pension Investment Board now owns 63,941 shares of the company's stock valued at $2,881,000 after buying an additional 5,540 shares during the last quarter. Finally, Nuveen LLC bought a new position in Smurfit Westrock in the 1st quarter valued at $1,051,299,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Down 2.4%

Shares of SW traded down $1.04 during midday trading on Friday, hitting $42.68. The stock had a trading volume of 4,460,550 shares, compared to its average volume of 3,766,610. The company has a 50 day simple moving average of $44.97 and a two-hundred day simple moving average of $45.47. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The firm has a market cap of $22.28 billion, a price-to-earnings ratio of 64.67 and a beta of 1.06. 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 released its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock's revenue for the quarter was up 167.4% on a year-over-year basis. On average, analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 15th will be given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Smurfit Westrock's dividend payout ratio is currently 260.61%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SW. Truist Financial raised their price target on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Morgan Stanley raised their price target on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Barclays reduced their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Wells Fargo & Company raised their price target on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada dropped their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

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.