Stance Capital LLC Takes $1.05 Million Position in Smurfit Westrock PLC $SW

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 purchased a new position in Smurfit Westrock PLC (NYSE:SW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,304 shares of the company's stock, valued at approximately $1,050,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG lifted its stake in shares of Smurfit Westrock by 40.6% in the 4th 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 in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at about $117,000. Captrust Financial Advisors lifted its stake in shares of Smurfit Westrock by 41.7% in the 4th quarter. Captrust Financial Advisors now owns 7,269 shares of the company's stock valued at $391,000 after purchasing an additional 2,138 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of Smurfit Westrock by 129.2% in the 4th quarter. Cresset Asset Management LLC now owns 21,539 shares of the company's stock valued at $1,160,000 after purchasing an additional 12,142 shares in the last quarter. Finally, Fairview Capital Investment Management LLC acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at about $215,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded down $1.32 during trading on Tuesday, reaching $45.37. The stock had a trading volume of 3,359,247 shares, compared to its average volume of 4,027,189. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99. The stock has a market cap of $23.69 billion, a PE ratio of 68.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The firm's 50 day moving average price is $45.82 and its two-hundred day moving average price is $44.56.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. The business's quarterly revenue was up 167.4% on a year-over-year basis. On average, research analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, August 15th. Smurfit Westrock's payout ratio is 260.61%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SW. Barclays reduced their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Wells Fargo & Company boosted their price target on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Morgan Stanley boosted their price target on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Truist Financial boosted their price target on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price target for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average 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.