Vestmark Advisory Solutions Inc. Makes New Investment in Smurfit Westrock PLC $SW

Vestmark Advisory Solutions Inc. acquired a new stake in Smurfit Westrock PLC (NYSE:SW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,748 shares of the company’s stock, valued at approximately $507,000.

A number of other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in Smurfit Westrock by 73.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,354 shares of the company’s stock worth $376,000 after buying an additional 3,530 shares during the period. Allworth Financial LP increased its position in shares of Smurfit Westrock by 35.6% in the 1st quarter. Allworth Financial LP now owns 2,205 shares of the company’s stock valued at $94,000 after purchasing an additional 579 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Smurfit Westrock by 6.9% in the 1st quarter. Cerity Partners LLC now owns 28,519 shares of the company’s stock valued at $1,285,000 after purchasing an additional 1,845 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Smurfit Westrock by 18.6% during the 1st quarter. New York State Common Retirement Fund now owns 486,278 shares of the company’s stock worth $21,912,000 after purchasing an additional 76,334 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Smurfit Westrock during the first quarter worth $16,233,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $35.85 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a twelve month low of $35.00 and a twelve month high of $56.99. The stock has a 50 day moving average of $41.88 and a two-hundred day moving average of $43.57. The stock has a market cap of $18.72 billion, a P/E ratio of 25.07 and a beta of 1.11.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The business had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.89 billion. Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The business’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be given a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 120.28%.

Analyst Ratings Changes

A number of research firms have weighed in on SW. Barclays cut their price target on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group assumed coverage on Smurfit Westrock in a report on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Truist Financial decreased their target price on Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Finally, Seaport Res Ptn raised shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $55.30.

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.