Incentive AS Has $104.20 Million Stock Holdings in Smurfit Westrock PLC $SW

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Incentive AS lifted its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,312,540 shares of the company's stock after acquiring an additional 27,117 shares during the quarter. Smurfit Westrock makes up 63.9% of Incentive AS's portfolio, making the stock its biggest position. Incentive AS owned 0.44% of Smurfit Westrock worth $104,203,000 as of its most recent SEC filing.

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

Smurfit Westrock Stock Up 4.6%

SW traded up $1.9970 during trading on Friday, reaching $45.6870. The stock had a trading volume of 4,850,915 shares, compared to its average volume of 4,386,419. The stock's 50 day moving average is $44.99 and its two-hundred day moving average is $45.11. 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 capitalization of $23.85 billion, a price-to-earnings 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.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. The company's revenue for the quarter was up 167.4% compared to the same quarter last year. As a group, analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business 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 dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. Smurfit Westrock's payout ratio is presently 260.61%.

Analyst Upgrades and Downgrades

SW has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company upped their target price on Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Truist Financial upped their target price on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a report on Friday, July 11th. Morgan Stanley increased 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. Finally, Barclays decreased their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a 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 stock. According to data from MarketBeat.com, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average target price of $57.78.

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.