Concurrent Investment Advisors LLC Takes Position in Smurfit Westrock PLC $SW

Key Points

• Concurrent Investment Advisors LLC has taken a new position in Smurfit Westrock PLC, purchasing 134,720 shares valued at approximately $5.8 million.
• Smurfit Westrock reported a quarterly earnings miss with earnings per share of $0.45, falling short of analysts' estimates of $0.57, despite a significant revenue increase of 167.4% year-over-year.
• The company also declared a quarterly dividend of $0.4308, which translates to an annualized dividend yield of 4.3%, although this represents a high payout ratio of 260.61%.

Concurrent Investment Advisors LLC purchased a new position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 134,720 shares of the company's stock, valued at approximately $5,813,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SW. Zions Bancorporation National Association UT acquired a new stake in Smurfit Westrock in the 1st quarter worth about $29,000. Tsfg LLC bought a new position in shares of Smurfit Westrock during the first quarter worth approximately $30,000. IMA Advisory Services Inc. bought a new position in shares of Smurfit Westrock during the first quarter worth approximately $30,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Smurfit Westrock during the first quarter worth approximately $40,000. Finally, SVB Wealth LLC bought a new position in shares of Smurfit Westrock during the first quarter worth approximately $49,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Trading Down 5.5%

SW opened at $40.53 on Monday. The company's 50 day moving average is $44.08 and its 200-day moving average is $43.91. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99. 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 company has a market cap of $21.16 billion, a P/E ratio of 61.40 and a beta of 1.09.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly 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 company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. The business's quarterly revenue was up 167.4% on a year-over-year basis. Equities research analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, August 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 260.61%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SW shares. Seaport Res Ptn raised shares of Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Morgan Stanley raised their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Wells Fargo & Company set a $52.00 price objective on shares of Smurfit Westrock and gave the stock an "overweight" rating in a research note on Tuesday, October 7th. Finally, Barclays reduced their price objective on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $57.80.

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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