Vident Advisory LLC Raises Position in Smurfit Westrock PLC $SW

Key Points

• Vident Advisory LLC significantly increased its position in Smurfit Westrock PLC by 242.2% during the first quarter, now holding 38,729 shares valued at approximately $1.745 million.
• Multiple analysts have updated their price targets for Smurfit Westrock, with a consensus average price target of $57.78 and most ratings indicating a Moderate Buy.
• The company recently declared a quarterly dividend of $0.4308 per share, translating to an annual yield of 3.6%, with a payout ratio of 260.61%.

Vident Advisory LLC raised its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 242.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,729 shares of the company's stock after acquiring an additional 27,413 shares during the quarter. Vident Advisory LLC's holdings in Smurfit Westrock were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of SW. Bank Pictet & Cie Europe AG boosted its stake in shares of Smurfit Westrock by 40.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 42,104 shares of the company's stock worth $2,268,000 after acquiring an additional 12,166 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Smurfit Westrock by 7.9% during the 4th quarter. First Trust Advisors LP now owns 27,095 shares of the company's stock worth $1,463,000 after acquiring an additional 1,976 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Smurfit Westrock during the 4th quarter worth $278,000. Ameriprise Financial Inc. boosted its stake in shares of Smurfit Westrock by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 9,003,480 shares of the company's stock worth $484,927,000 after acquiring an additional 149,210 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Smurfit Westrock by 41.7% during the 4th quarter. BNP Paribas Financial Markets now owns 961,618 shares of the company's stock worth $51,793,000 after acquiring an additional 282,950 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Analysts Set New Price Targets

SW has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Barclays decreased their price objective on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Truist Financial raised their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company raised their price objective on shares of 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 shares of Smurfit Westrock from a "hold" rating to a "buy" rating and raised their price objective for the company from $44.00 to $55.00 in a research report on Monday, June 16th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.78.

Smurfit Westrock Stock Up 2.1%

Shares of SW stock opened at $47.38 on Tuesday. The stock has a market cap of $24.74 billion, a P/E ratio of 71.79 and a beta of 1.04. 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 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The company's fifty day simple moving average is $45.46 and its two-hundred day simple moving average is $44.82.

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

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be paid a $0.4308 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.72 annualized dividend and a yield of 3.6%. Smurfit Westrock's payout ratio is presently 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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