Alberta Investment Management Corp Invests $53.97 Million in Smurfit Westrock PLC $SW

Alberta Investment Management Corp purchased a new position in Smurfit Westrock PLC (NYSE:SW) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,395,636 shares of the company’s stock, valued at approximately $53,969,000.

Other large investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in Smurfit Westrock during the second quarter valued at approximately $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Smurfit Westrock during the fourth quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Smurfit Westrock during the fourth quarter valued at approximately $31,000. McMillan Office Inc. bought a new stake in Smurfit Westrock during the fourth quarter valued at approximately $35,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Smurfit Westrock by 4,585.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 937 shares of the company’s stock valued at $36,000 after buying an additional 917 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SW has been the subject of several recent research reports. Royal Bank Of Canada cut their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Barclays cut their target price on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Wall Street Zen lowered shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. Finally, Morgan Stanley restated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Stock Performance

SW opened at $44.58 on Tuesday. The firm has a market cap of $23.38 billion, a P/E ratio of 61.91 and a beta of 0.96. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65. The company has a 50 day simple moving average of $40.56 and a two-hundred day simple moving average of $41.12. 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 (NYSE:SW) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share. Equities analysts forecast that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is presently 251.39%.

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.