Valeo Financial Advisors LLC Purchases 648,297 Shares of Smurfit Westrock PLC $SW

Key Points

• Valeo Financial Advisors LLC significantly increased its stake in Smurfit Westrock PLC by acquiring 648,297 shares, raising its total holdings to 658,754 shares, valued at approximately $28.4 million.
• Several institutional investors have also increased their positions in Smurfit Westrock, with a total institutional ownership of 83.38% of the company's stock.
• Smurfit Westrock recently reported an EPS of $0.45 for the last quarter, which missed expectations, while their revenue surged to $7.94 billion, a year-over-year increase of 167.4%.

Valeo Financial Advisors LLC increased its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 6,199.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 658,754 shares of the company's stock after purchasing an additional 648,297 shares during the period. Valeo Financial Advisors LLC owned 0.13% of Smurfit Westrock worth $28,425,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SW. Vanguard Group Inc. lifted its position in shares of Smurfit Westrock by 0.4% in the first quarter. Vanguard Group Inc. now owns 79,187,333 shares of the company's stock valued at $3,564,678,000 after buying an additional 316,074 shares during the last quarter. Nuveen LLC acquired a new position in shares of Smurfit Westrock during the 1st quarter worth approximately $1,051,299,000. Invesco Ltd. raised its stake in Smurfit Westrock by 4.0% in the 1st quarter. Invesco Ltd. now owns 10,244,072 shares of the company's stock valued at $461,598,000 after acquiring an additional 395,015 shares during the period. Orbis Allan Gray Ltd lifted its holdings in Smurfit Westrock by 74.8% during the 1st quarter. Orbis Allan Gray Ltd now owns 10,114,213 shares of the company's stock valued at $455,746,000 after purchasing an additional 4,329,653 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Smurfit Westrock by 39.3% during the first quarter. JPMorgan Chase & Co. now owns 6,100,067 shares of the company's stock worth $274,869,000 after purchasing an additional 1,721,889 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group initiated coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They issued a "buy" rating and a $60.00 price objective on the stock. Barclays lowered their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Truist Financial boosted their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company upped their target price on Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and increased their target price for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and an average target price of $58.00.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $41.94 on Monday. The stock has a 50-day moving average price of $44.57 and a two-hundred day moving average price of $44.03. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99. The company has a market capitalization of $21.90 billion, a PE ratio of 63.54 and a beta of 1.09. 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 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 business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. The company's revenue was up 167.4% on a year-over-year basis. Analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were paid a $0.4308 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. Smurfit Westrock's payout ratio is currently 260.61%.

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.

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