Sumitomo Mitsui Trust Group Inc. Raises Position in Smurfit Westrock PLC $SW

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 15.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,209,753 shares of the company’s stock after buying an additional 160,796 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Smurfit Westrock worth $51,499,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SW. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock in the 2nd quarter worth $29,000. Rexford Capital Inc. purchased a new position in Smurfit Westrock during the 2nd quarter worth $35,000. Whipplewood Advisors LLC boosted its position in Smurfit Westrock by 50.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after acquiring an additional 342 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Smurfit Westrock by 81.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock worth $49,000 after acquiring an additional 507 shares in the last quarter. Finally, Groupe la Francaise purchased a new stake in shares of Smurfit Westrock during the second quarter worth about $51,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 1.4%

Shares of NYSE:SW opened at $43.34 on Friday. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $56.05. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $22.63 billion, a price-to-earnings ratio of 30.31 and a beta of 1.09. The company has a 50 day moving average of $37.44 and a two-hundred day moving average of $41.71.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 14th were given a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Smurfit Westrock’s payout ratio is 120.28%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SW shares. Citigroup lowered their price target on Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Smurfit Westrock in a research report on Thursday, January 8th. Barclays dropped 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, November 10th. Seaport Res Ptn raised Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company cut their price objective on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average price target of $51.60.

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.