International Private Wealth Advisors LLC Takes $329,000 Position in Smurfit Westrock PLC $SW

Key Points

• International Private Wealth Advisors LLC has invested $329,000 in Smurfit Westrock PLC, acquiring 7,620 shares in the second quarter.
• The company reported a quarterly revenue of $7.94 billion, up 167.4% year-over-year, although it missed earnings per share estimates by $0.12.
• Smurfit Westrock announced a quarterly dividend of $0.4308 per share, with a yield of 3.9% and a high payout ratio of 260.61%.

International Private Wealth Advisors LLC purchased a new stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,620 shares of the company's stock, valued at approximately $329,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SW. Zions Bancorporation National Association UT bought a new position in shares of Smurfit Westrock during the first quarter valued at $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Smurfit Westrock during the fourth quarter valued at $30,000. Tsfg LLC bought a new position in shares of Smurfit Westrock during the first quarter valued at $30,000. IMA Advisory Services Inc. bought a new position in shares of Smurfit Westrock during the first quarter valued at $30,000. Finally, Versant Capital Management Inc increased 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. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial lifted their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Barclays reduced 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. Morgan Stanley lifted 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, UBS Group assumed coverage on Smurfit Westrock in a report on Monday, September 15th. They issued a "buy" rating and a $60.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Smurfit Westrock Stock Performance

NYSE:SW traded up $0.54 on Tuesday, hitting $44.02. The stock had a trading volume of 796,823 shares, compared to its average volume of 3,815,667. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 66.67 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The business's 50-day simple moving average is $45.29 and its two-hundred day simple moving average is $44.15. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results 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 firm had revenue of $7.94 billion during the quarter, compared to analysts' expectations of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.Smurfit Westrock's revenue for the quarter was up 167.4% compared to the same quarter last year. As a group, research analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were given a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 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.