Groupama Asset Managment Acquires 117,877 Shares of Smurfit Westrock PLC $SW

Key Points

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Groupama Asset Managment boosted its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 527,572 shares of the company's stock after buying an additional 117,877 shares during the period. Groupama Asset Managment owned approximately 0.10% of Smurfit Westrock worth $23,772,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SW. Zions Bancorporation National Association UT acquired a new position in Smurfit Westrock during the first quarter worth $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in Smurfit Westrock during the fourth quarter worth $30,000. Tsfg LLC acquired a new position in Smurfit Westrock during the first quarter worth $30,000. IMA Advisory Services Inc. acquired a new position in Smurfit Westrock during the first quarter worth $30,000. Finally, Versant Capital Management Inc raised its holdings in Smurfit Westrock by 54.0% during the first quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

SW traded up $1.9970 during trading on Friday, hitting $45.6870. 4,850,915 shares of the company traded hands, compared to its average volume of 4,386,419. The firm has a market cap of $23.85 billion, a P/E ratio of 69.22 and a beta of 1.06. The stock's fifty day moving average is $44.99 and its 200 day moving average is $45.11. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99.

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 the consensus estimate of $0.57 by ($0.12). The company 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 business's quarterly revenue was up 167.4% compared to the same quarter last year. As a group, equities analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. Smurfit Westrock's dividend payout ratio is presently 260.61%.

Analyst Ratings Changes

Several research firms have weighed in on SW. Barclays lowered their price objective on shares of 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 upped their target price on shares of Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Truist Financial upped their target price 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. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and upped their target price for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Finally, Royal Bank Of Canada reduced their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.78.

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.