Vontobel Holding Ltd. Purchases 14,472 Shares of Smurfit Westrock PLC (NYSE:SW)

Vontobel Holding Ltd. increased its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,421,506 shares of the company's stock after purchasing an additional 14,472 shares during the quarter. Vontobel Holding Ltd. owned 0.27% of Smurfit Westrock worth $64,053,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. acquired a new position in Smurfit Westrock in the 4th quarter valued at $30,000. Tsfg LLC acquired a new position in Smurfit Westrock during the 1st quarter worth approximately $30,000. Versant Capital Management Inc raised its stake in shares of Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after buying an additional 273 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Smurfit Westrock in the 1st quarter valued at approximately $40,000. Finally, Huntington National Bank purchased a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

Shares of SW traded up $0.84 during mid-day trading on Thursday, hitting $48.02. The stock had a trading volume of 3,591,422 shares, compared to its average volume of 3,748,854. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The company has a market cap of $25.06 billion, a PE ratio of 39.36 and a beta of 1.02. The company's fifty day simple moving average is $43.31 and its two-hundred day simple moving average is $47.26.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock's revenue was up 161.3% on a year-over-year basis. On average, equities analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 19th were issued a $0.4308 dividend. This represents a yield of 3.7%. The ex-dividend date was Friday, May 16th. Smurfit Westrock's payout ratio is currently 140.98%.

Insider Transactions at Smurfit Westrock

In other news, Director Irial Finan purchased 15,180 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $39.21 per share, with a total value of $595,207.80. Following the purchase, the director owned 54,893 shares in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SW. Morgan Stanley decreased their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Royal Bank Of Canada lowered 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 report on Friday, May 2nd. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and increased their target price for the company from $44.00 to $55.00 in a report on Monday, June 16th. Barclays decreased their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company cut their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

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.