MBB Public Markets I LLC Purchases New Stake in Smurfit Westrock PLC $SW

Key Points

• MBB Public Markets I LLC has acquired a new position in Smurfit Westrock PLC, purchasing 6,947 shares valued at approximately $313,000 in the first quarter.
• Smurfit Westrock recently announced a quarterly dividend of $0.4308 per share, with a dividend yield of 3.8% and a payout ratio of 260.61%.
• The company reported earnings per share of $0.45, missing estimates, but had a revenue of $7.94 billion for the quarter, which was up 167.4% year-over-year.

MBB Public Markets I LLC purchased a new position in Smurfit Westrock PLC (NYSE:SW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,947 shares of the company's stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Lakes Advisors LLC acquired a new position in shares of Smurfit Westrock in the 1st quarter worth approximately $13,119,000. Stance Capital LLC acquired a new position in shares of Smurfit Westrock during the 1st quarter valued at $1,050,000. PharVision Advisers LLC acquired a new position in shares of Smurfit Westrock during the 1st quarter valued at $201,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of Smurfit Westrock by 1.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 63,699 shares of the company's stock valued at $2,870,000 after acquiring an additional 810 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company's stock valued at $598,000 after acquiring an additional 8,726 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Morgan Stanley upped their price objective on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. 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 price objective on shares of Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Truist Financial upped their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.78.

Smurfit Westrock Stock Down 2.9%

Shares of NYSE SW traded down $1.34 during trading on Friday, hitting $44.30. The stock had a trading volume of 3,339,059 shares, compared to its average volume of 3,946,621. 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 current ratio of 1.45 and a quick ratio of 0.95. The company has a market capitalization of $23.13 billion, a PE ratio of 67.12 and a beta of 1.04. The firm has a fifty day moving average of $45.66 and a two-hundred day moving average of $44.45.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted 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 the consensus estimate of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company's revenue for the quarter was up 167.4% on a year-over-year basis. As a group, equities research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 15th will be given a dividend of $0.4308 per share. The ex-dividend date is Friday, August 15th. This represents a $1.72 annualized dividend and a yield of 3.9%. Smurfit Westrock's dividend payout ratio 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.