Robeco Schweiz AG Buys Shares of 82,300 Smurfit Westrock PLC (NYSE:SW)

Robeco Schweiz AG purchased a new stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 82,300 shares of the company's stock, valued at approximately $3,708,000.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its stake in Smurfit Westrock by 127,600.0% during the first quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock worth $57,000 after purchasing an additional 1,276 shares in the last quarter. Geode Capital Management LLC lifted its stake in Smurfit Westrock by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock worth $769,977,000 after acquiring an additional 1,594,939 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Smurfit Westrock by 45.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,151 shares of the company's stock valued at $708,000 after acquiring an additional 4,115 shares during the period. Ameriprise Financial Inc. boosted its holdings in Smurfit Westrock by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 9,003,480 shares of the company's stock valued at $484,927,000 after acquiring an additional 149,210 shares during the period. Finally, QRG Capital Management Inc. grew its position in Smurfit Westrock by 106.3% in the 1st quarter. QRG Capital Management Inc. now owns 11,709 shares of the company's stock valued at $528,000 after acquiring an additional 6,032 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Smurfit Westrock

In other news, Director Irial Finan acquired 15,180 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the transaction, the director directly owned 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company upped their price objective on Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Thursday. Morgan Stanley lifted their target price on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Barclays cut their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Finally, Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price target for the company from $44.00 to $55.00 in a research report on Monday, June 16th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and an average price target of $57.90.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded down $0.76 during trading hours on Monday, reaching $46.44. The stock had a trading volume of 1,509,947 shares, compared to its average volume of 3,713,849. The firm has a 50-day moving average of $44.10 and a 200-day moving average of $46.88. The firm has a market cap of $24.24 billion, a price-to-earnings ratio of 38.07 and a beta of 1.02. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 1.98% and a return on equity of 7.38%. The company's revenue for the quarter was up 161.3% compared to the same quarter last year. Equities research analysts predict 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 dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th were paid a dividend of $0.4308 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, May 16th. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

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.