38,873 Shares in Smurfit Westrock PLC $SW Acquired by Stance Capital LLC

Stance Capital LLC acquired a new stake in shares of Smurfit Westrock PLC (NYSE:SW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,873 shares of the company’s stock, valued at approximately $1,503,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in shares of Smurfit Westrock by 79,790.6% in the 4th quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after acquiring an additional 127,665 shares during the period. BIP Wealth LLC bought a new stake in Smurfit Westrock in the 4th quarter valued at about $2,412,000. Tounjian Advisory Partners LLC acquired a new position in Smurfit Westrock during the 3rd quarter valued at about $958,000. Barclays PLC boosted its stake in Smurfit Westrock by 152.2% during the 3rd quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock valued at $224,333,000 after purchasing an additional 3,180,531 shares during the period. Finally, Distillate Capital Partners LLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $15,001,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

SW opened at $44.18 on Friday. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 61.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65. The business has a 50 day moving average price of $40.86 and a two-hundred day moving average price of $41.31.

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

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a dividend of $0.4523 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.1%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.

Wall Street Analysts Forecast Growth

SW has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday, May 29th. The Goldman Sachs Group assumed coverage on Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective for the company. Royal Bank Of Canada lowered their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. JPMorgan Chase & Co. cut their target price on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Citigroup reduced their price target on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

About Smurfit Westrock

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.