Compagnie Lombard Odier SCmA Grows Position in Smurfit Westrock PLC $SW

Key Points

• Compagnie Lombard Odier SCmA increased its stake in Smurfit Westrock PLC by 6.0% in Q2, owning 899,533 shares worth approximately $38.8 million.
• Smurfit Westrock recently reported $0.45 earnings per share for the last quarter, falling short of analysts' expectations by $0.12, despite a 167.4% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.4308, yielding about 4.0%, with a notably high dividend payout ratio of 260.61%.

Compagnie Lombard Odier SCmA grew its stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 899,533 shares of the company's stock after buying an additional 50,662 shares during the period. Compagnie Lombard Odier SCmA owned 0.17% of Smurfit Westrock worth $38,815,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SW. Nuveen LLC purchased a new position in Smurfit Westrock during the first quarter worth $1,051,299,000. Orbis Allan Gray Ltd increased its position in 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 buying an additional 4,329,653 shares in the last quarter. JPMorgan Chase & Co. increased its position in Smurfit Westrock by 39.3% during the first quarter. JPMorgan Chase & Co. now owns 6,100,067 shares of the company's stock worth $274,869,000 after buying an additional 1,721,889 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Smurfit Westrock during the fourth quarter worth $72,812,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Smurfit Westrock by 16.1% during the first quarter. Alliancebernstein L.P. now owns 5,689,254 shares of the company's stock worth $256,358,000 after purchasing an additional 788,082 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $43.39 on Tuesday. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The stock has a market capitalization of $22.65 billion, a P/E ratio of 65.74 and a beta of 1.04. 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 business's fifty day moving average price is $45.29 and its 200 day moving average price is $44.15.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates 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. The company's quarterly revenue was up 167.4% compared to the same quarter last year. As a group, research analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were given a $0.4308 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 annualized dividend and a yield of 4.0%. Smurfit Westrock's dividend payout ratio (DPR) is 260.61%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SW. Barclays decreased their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Wells Fargo & Company raised their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and raised their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Truist Financial raised their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Morgan Stanley raised their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

Smurfit Westrock Company 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.

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