Robeco Schweiz AG Takes $3.71 Million Position in Smurfit Westrock PLC (NYSE:SW)

Robeco Schweiz AG bought a new stake in Smurfit Westrock PLC (NYSE:SW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 82,300 shares of the company's stock, valued at approximately $3,708,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Smurfit Westrock during the 4th quarter worth about $1,300,041,000. Nuveen Asset Management LLC lifted its holdings in shares of Smurfit Westrock by 51.6% in the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock valued at $1,115,996,000 after buying an additional 7,050,781 shares during the period. Boston Partners acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at about $304,377,000. FIL Ltd lifted its holdings in shares of Smurfit Westrock by 68.2% in the 4th quarter. FIL Ltd now owns 10,962,433 shares of the company's stock valued at $590,853,000 after buying an additional 4,444,704 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Smurfit Westrock by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock valued at $769,977,000 after buying an additional 1,594,939 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Insider Activity at Smurfit Westrock

In related news, Director Irial Finan purchased 15,180 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director owned 54,893 shares in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $48.05 on Friday. The company has a market cap of $25.08 billion, a PE ratio of 39.38 and a beta of 1.02. The stock's 50 day simple moving average is $43.98 and its 200-day simple moving average is $47.03. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The company's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, equities research analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 19th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio is presently 140.98%.

Analyst Upgrades and Downgrades

SW has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Smurfit Westrock from $43.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday. Morgan Stanley boosted their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday. Royal Bank Of Canada decreased their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price target for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Finally, Barclays reduced their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and an average price target of $57.50.

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.

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