Robeco Schweiz AG Makes New Investment in Smurfit Westrock PLC (NYSE:SW)

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

Other institutional investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG boosted its stake in shares of Smurfit Westrock by 40.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 42,104 shares of the company's stock valued at $2,268,000 after purchasing an additional 12,166 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Smurfit Westrock by 30.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,260 shares of the company's stock valued at $445,000 after purchasing an additional 1,912 shares during the period. Assetmark Inc. boosted its stake in shares of Smurfit Westrock by 16.6% during the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after purchasing an additional 198 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $1,395,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Smurfit Westrock by 13.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 48,800 shares of the company's stock valued at $2,628,000 after acquiring an additional 5,629 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. 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. Barclays decreased their target price on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Wells Fargo & Company increased their price objective on Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday. 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. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $57.90.

Smurfit Westrock Stock Down 1.7%

Shares of NYSE:SW traded down $0.83 on Friday, hitting $47.19. 1,852,615 shares of the company traded hands, compared to its average volume of 4,162,832. Smurfit Westrock PLC has a 52 week low of $37.01 and a 52 week high of $56.99. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $43.98 and a 200-day simple moving average of $47.03. The company has a market cap of $24.63 billion, a PE ratio of 21.44 and a beta of 1.02.

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

Smurfit Westrock Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 19th were given a dividend of $0.4308 per share. 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 (DPR) is presently 140.98%.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $39.21 per share, with a total value of $595,207.80. Following the completion of the transaction, the director directly owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

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.