Smurfit Westrock PLC $SW Shares Purchased by TIAA Trust National Association

TIAA Trust National Association lifted its holdings in Smurfit Westrock PLC (NYSE:SW) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,430 shares of the company’s stock after acquiring an additional 12,416 shares during the period. TIAA Trust National Association’s holdings in Smurfit Westrock were worth $8,640,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Capital Research Global Investors increased its position in shares of Smurfit Westrock by 31.2% in the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock worth $1,397,057,000 after acquiring an additional 8,596,558 shares in the last quarter. State Street Corp increased its position in shares of Smurfit Westrock by 14.6% in the third quarter. State Street Corp now owns 23,806,914 shares of the company’s stock worth $1,013,474,000 after acquiring an additional 3,027,125 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of Smurfit Westrock by 81.9% in the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after acquiring an additional 8,286,205 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Smurfit Westrock by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock worth $531,483,000 after acquiring an additional 155,778 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $495,335,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

SW opened at $41.38 on Wednesday. The company has a fifty day simple moving average of $40.33 and a 200 day simple moving average of $40.88. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 57.48 and a beta of 0.96. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Equities research analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SW shares. Barclays dropped their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. The Goldman Sachs Group started coverage on shares of Smurfit Westrock in a research report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. UBS Group dropped their price objective on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, Citigroup dropped their price objective on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.00.

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.