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

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

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

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director directly owned 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SW has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on shares of 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. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. 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 note on Friday, May 2nd. Truist Financial cut their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Barclays reduced their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

Smurfit Westrock Stock Up 1.8%

SW stock traded up $0.84 during mid-day trading on Friday, hitting $48.02. The stock had a trading volume of 3,591,479 shares, compared to its average volume of 4,527,953. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99. The company has a fifty day moving average of $43.43 and a 200 day moving average of $47.21. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $25.06 billion, a price-to-earnings ratio of 39.36 and a beta of 1.02.

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

Smurfit Westrock Dividend Announcement

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

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.