Wellington Management Group LLP Purchases 183,125 Shares of Smurfit Westrock PLC $SW

Key Points

• Wellington Management increased its Smurfit Westrock stake by 38.2% in the second quarter, purchasing 183,125 shares and bringing its holdings to 662,595 shares valued at approximately $30.7 million.
• Analysts remain broadly positive, with 11 Buy ratings and two Hold ratings. The stock has an average “Moderate Buy” rating and a consensus price target of $57.69.
• Smurfit Westrock reported quarterly revenue of $8.03 billion, ahead of estimates, but earnings per share of $0.35 missed expectations. The company declared a $0.4523 quarterly dividend, representing a 3.9% annualized yield.

Wellington Management Group LLP increased its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 38.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 662,595 shares of the company's stock after purchasing an additional 183,125 shares during the quarter. Wellington Management Group LLP owned approximately 0.13% of Smurfit Westrock worth $30,652,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock during the 2nd quarter worth approximately $29,000. DV Equities LLC purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $28,000. Root Financial Partners LLC lifted its holdings in Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company's stock worth $31,000 after acquiring an additional 501 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Smurfit Westrock during the fourth quarter worth $31,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays upped their price objective on Smurfit Westrock from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Smurfit Westrock from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Citigroup increased their price target on shares of Smurfit Westrock from $56.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada raised their price objective on shares of Smurfit Westrock from $56.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Smurfit Westrock in a research report on Tuesday, June 23rd. They issued a "buy" rating and a $57.00 price objective on the stock. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.69.

Smurfit Westrock Stock Performance

Shares of SW opened at $45.92 on Friday. The firm has a market cap of $24.09 billion, a PE ratio of 48.85, a PEG ratio of 1.45 and a beta of 0.95. The stock's fifty day moving average price is $46.70 and its two-hundred day moving average price is $43.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.96. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.07). The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. On average, equities research analysts forecast that Smurfit Westrock PLC will post 1.98 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.81 annualized dividend and a yield of 3.9%. Smurfit Westrock's dividend payout ratio is 192.55%.

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.

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