Wolverine Asset Management LLC Invests $541,000 in Smurfit Westrock PLC (NYSE:SW)

Key Points

• Wolverine Asset Management LLC has acquired 12,000 shares of Smurfit Westrock PLC, valued at approximately $541,000, as reported in their recent SEC filing.
• Smurfit Westrock announced a quarterly dividend of $0.4308 per share, leading to an annualized dividend of $1.72 and a yield of 3.9%.
• Despite a revenue increase of 167.4% year-over-year to $7.94 billion, the company missed earnings expectations, reporting an EPS of $0.45

Wolverine Asset Management LLC bought a new position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,000 shares of the company's stock, valued at approximately $541,000.

Other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $30,000. IMA Advisory Services Inc. purchased a new position in shares of Smurfit Westrock during the 1st quarter worth $30,000. Tsfg LLC purchased a new position in shares of Smurfit Westrock during the 1st quarter worth $30,000. Versant Capital Management Inc lifted 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 valued at $35,000 after buying an additional 273 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Smurfit Westrock during the 1st quarter valued at $40,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Trading Up 1.9%

NYSE:SW traded up $0.84 during mid-day trading on Wednesday, hitting $45.11. 2,389,087 shares of the stock traded hands, compared to its average volume of 3,704,709. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 68.35 and a beta of 1.06. Smurfit Westrock PLC has a 52 week low of $37.01 and a 52 week high of $56.99. The firm's 50 day moving average is $44.97 and its two-hundred day moving average is $45.74. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73.

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

Smurfit Westrock Announces Dividend

The business also recently announced 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. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. Smurfit Westrock's dividend payout ratio is currently 260.61%.

Analysts Set New Price Targets

SW has been the topic of a number of research reports. Royal Bank Of Canada reduced their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their target price for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Truist Financial boosted their target price on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their target price on shares of Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

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.