Groupama Asset Managment Has $23.77 Million Stock Position in Smurfit Westrock PLC $SW

Key Points

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Groupama Asset Managment lifted its holdings in Smurfit Westrock PLC (NYSE:SW - Free Report) by 28.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,572 shares of the company's stock after acquiring an additional 117,877 shares during the quarter. Groupama Asset Managment owned approximately 0.10% of Smurfit Westrock worth $23,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Smurfit Westrock by 4.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 198,806 shares of the company's stock worth $8,958,000 after acquiring an additional 7,900 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Smurfit Westrock by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 969,929 shares of the company's stock worth $43,668,000 after acquiring an additional 269,893 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Smurfit Westrock by 1.3% in the 1st quarter. Raymond James Financial Inc. now owns 215,716 shares of the company's stock worth $9,720,000 after acquiring an additional 2,854 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Smurfit Westrock by 35.6% in the 1st quarter. Cresset Asset Management LLC now owns 29,217 shares of the company's stock worth $1,317,000 after acquiring an additional 7,678 shares in the last quarter. Finally, Ethic Inc. boosted its holdings in shares of Smurfit Westrock by 9.0% in the 1st quarter. Ethic Inc. now owns 40,849 shares of the company's stock worth $1,864,000 after acquiring an additional 3,387 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Royal Bank Of Canada dropped their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price objective on shares of 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, Barclays dropped their price objective on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.78.

Smurfit Westrock Trading Up 4.6%

Shares of Smurfit Westrock stock traded up $1.9970 on Friday, hitting $45.6870. 4,850,915 shares of the company's stock traded hands, compared to its average volume of 4,298,755. The firm's 50-day moving average price is $44.99 and its two-hundred day moving average price is $45.24. The stock has a market capitalization of $23.85 billion, a PE ratio of 69.22 and a beta of 1.06. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.12). The business had revenue of $7.94 billion for 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, research analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 15th will be issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. Smurfit Westrock's dividend payout ratio (DPR) is 260.61%.

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.