23,304 Shares in Smurfit Westrock PLC $SW Acquired by Stance Capital LLC

Key Points

• Stance Capital LLC has acquired a new position in Smurfit Westrock PLC, purchasing 23,304 shares valued at approximately $1,050,000.
• Multiple institutional investors, including University of Texas Texas AM Investment Management Co. and Zions Bancorporation, have also recently invested in Smurfit Westrock, with institutional ownership at 83.38%.
• Wall Street analysts generally favor Smurfit Westrock, with eight analysts rating it a Buy and a consensus price target of $57.78.

Stance Capital LLC bought a new position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,304 shares of the company's stock, valued at approximately $1,050,000.

Several other institutional investors have also recently added to or reduced their stakes in SW. University of Texas Texas AM Investment Management Co. bought a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $30,000. Zions Bancorporation National Association UT bought a new position in Smurfit Westrock during the first quarter worth $29,000. IMA Advisory Services Inc. bought a new position in Smurfit Westrock during the first quarter worth $30,000. Tsfg LLC acquired a new stake in Smurfit Westrock in the first quarter worth $30,000. Finally, Versant Capital Management Inc increased its stake in Smurfit Westrock by 54.0% in the first quarter. Versant Capital Management Inc now owns 779 shares of the company's stock valued at $35,000 after purchasing an additional 273 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of SW stock traded down $1.20 during trading on Friday, reaching $44.44. 1,407,873 shares of the company's stock traded hands, compared to its average volume of 3,735,828. The firm's 50-day moving average is $45.74 and its 200 day moving average is $44.51. The company has a market capitalization of $23.20 billion, a P/E ratio of 67.33 and a beta of 1.04. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock's revenue for the quarter was up 167.4% on a year-over-year basis. Equities research analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 15th will be issued a dividend of $0.4308 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.9%. Smurfit Westrock's dividend payout ratio is 260.61%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SW. Wells Fargo & Company raised their target price on Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and upped their target price for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Barclays reduced their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Truist Financial lifted their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Morgan Stanley upped their target price 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. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.78.

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.