Recurrent Investment Advisors LLC Buys 13,874 Shares of Smurfit Westrock PLC $SW

Recurrent Investment Advisors LLC increased its stake in Smurfit Westrock PLC (NYSE:SW) by 113.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,095 shares of the company’s stock after buying an additional 13,874 shares during the period. Recurrent Investment Advisors LLC’s holdings in Smurfit Westrock were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Smurfit Westrock during the fourth quarter valued at $28,000. DV Equities LLC purchased a new stake in shares of Smurfit Westrock in the fourth quarter worth $28,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock in the second quarter worth $29,000. Root Financial Partners LLC grew its stake in shares of Smurfit Westrock by 187.6% in 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Smurfit Westrock during the fourth quarter valued at $31,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 1.4%

Smurfit Westrock stock opened at $50.79 on Wednesday. The firm has a market cap of $26.64 billion, a price-to-earnings ratio of 70.55, a PEG ratio of 0.83 and a beta of 0.95. The stock has a fifty day simple moving average of $43.45 and a two-hundred day simple moving average of $42.76. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 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 posted its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. Equities analysts predict that Smurfit Westrock PLC will post 2.24 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $0.4523 dividend. This represents a $1.81 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.

Analyst Ratings Changes

Several research firms have recently issued reports on SW. UBS Group lowered their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Barclays reduced 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 note on Thursday, May 21st. Truist Financial lifted their target price on shares of Smurfit Westrock from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, Wells Fargo & Company upped their target price on shares of Smurfit Westrock from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.54.

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.