Diversified Trust Co Buys 16,340 Shares of Smurfit Westrock PLC $SW

Key Points

• Diversified Trust Co significantly increased its stake in Smurfit Westrock PLC by 209% during Q2, acquiring a total of 24,160 shares now valued at approximately $1,043,000.
• Analysts have a consensus rating of "Moderate Buy" for Smurfit Westrock, with an average price target of $58.00 and nine analysts recommending buy while one suggests holding.
• Smurfit Westrock announced a quarterly dividend of $0.4308, indicating an annualized dividend yield of 3.9%, with a notably high payout ratio of 260.61%.

Diversified Trust Co grew its stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 209.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,160 shares of the company's stock after acquiring an additional 16,340 shares during the quarter. Diversified Trust Co's holdings in Smurfit Westrock were worth $1,043,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. raised its position in shares of Smurfit Westrock by 127,600.0% during the first quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock valued at $57,000 after buying an additional 1,276 shares during the last quarter. Czech National Bank grew its holdings in shares of Smurfit Westrock by 6.7% in the second quarter. Czech National Bank now owns 121,218 shares of the company's stock valued at $5,231,000 after purchasing an additional 7,657 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Smurfit Westrock by 106.3% in the first quarter. QRG Capital Management Inc. now owns 11,709 shares of the company's stock valued at $528,000 after purchasing an additional 6,032 shares in the last quarter. Foresight Group Ltd Liability Partnership purchased a new position in shares of Smurfit Westrock in the first quarter valued at $26,028,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Smurfit Westrock by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company's stock valued at $2,610,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 83.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SW shares. Morgan Stanley lifted their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Truist Financial raised their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company increased their target price on Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research 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 company from $44.00 to $55.00 in a report on Monday, June 16th. Finally, Barclays cut their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Smurfit Westrock Stock Down 1.0%

Shares of SW stock traded down $0.43 on Monday, reaching $43.39. 4,016,824 shares of the company's stock traded hands, compared to its average volume of 4,202,425. The company has a market capitalization of $22.65 billion, a P/E ratio of 21.91 and a beta of 1.04. Smurfit Westrock PLC has a 12-month low of $37.01 and a 12-month high of $56.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The business's 50 day moving average price is $45.29 and its two-hundred day moving average price is $44.15.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data 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). The business 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 company's revenue for the quarter was up 167.4% on a year-over-year basis. On average, equities analysts forecast 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 dividend of $0.4308 per share. The ex-dividend date 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%.

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.