Nomura Asset Management Co. Ltd. Has $7.17 Million Stock Holdings in Smurfit Westrock PLC $SW

Nomura Asset Management Co. Ltd. lifted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,336 shares of the company’s stock after purchasing an additional 12,522 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Smurfit Westrock were worth $7,167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp boosted its holdings in shares of Smurfit Westrock by 14.6% during the 3rd quarter. State Street Corp now owns 23,806,914 shares of the company’s stock worth $1,013,474,000 after buying an additional 3,027,125 shares during the period. Orbis Allan Gray Ltd boosted its holdings in shares of Smurfit Westrock by 81.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after buying an additional 8,286,205 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Smurfit Westrock by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock worth $531,483,000 after buying an additional 155,778 shares during the period. Norges Bank bought a new stake in shares of Smurfit Westrock during the 4th quarter worth about $495,335,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Smurfit Westrock by 94.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,353,140 shares of the company’s stock worth $482,917,000 after buying an additional 5,511,887 shares during the period. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $42.19 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $22.13 billion, a P/E ratio of 58.60 and a beta of 0.96. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $52.65. The firm has a 50-day moving average price of $40.22 and a two-hundred day moving average price of $40.66.

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

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a $0.4523 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a yield of 4.3%. Smurfit Westrock’s payout ratio is currently 251.39%.

Analysts Set New Price Targets

Several analysts recently commented on SW shares. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Barclays reduced their target price on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Friday, May 29th. Royal Bank Of Canada reduced their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Citigroup reduced their target price on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.