Clearline Capital LP Makes New $8.42 Million Investment in Smurfit Westrock PLC $SW

Clearline Capital LP acquired a new position in Smurfit Westrock PLC (NYSE:SW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 217,688 shares of the company’s stock, valued at approximately $8,418,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock in the second quarter worth about $29,000. DV Equities LLC purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $31,000. Finally, McMillan Office Inc. purchased a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Barclays cut their price target on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock 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. Wall Street Zen downgraded Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. lowered their price target on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Smurfit Westrock Trading Down 1.3%

Shares of SW stock opened at $43.48 on Thursday. 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. The firm’s 50 day moving average is $40.72 and its 200 day moving average is $41.23. The stock has a market capitalization of $22.80 billion, a P/E ratio of 60.39 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company 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 company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. Research analysts expect that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 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.