Smurfit Westrock PLC $SW Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 3.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,179,837 shares of the company’s stock after purchasing an additional 39,013 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Smurfit Westrock were worth $47,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Smurfit Westrock by 90.5% during the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after acquiring an additional 6,378 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Smurfit Westrock by 6.7% in the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after purchasing an additional 346 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Smurfit Westrock by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after purchasing an additional 2,698 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Smurfit Westrock by 192.3% during the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock valued at $598,000 after purchasing an additional 8,726 shares during the period. Finally, Woodline Partners LP increased its holdings in shares of Smurfit Westrock by 40.8% during the first quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after purchasing an additional 12,096 shares during the period. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Up 0.1%

SW stock opened at $44.29 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The firm has a market capitalization of $23.23 billion, a P/E ratio of 61.52, a P/E/G ratio of 0.91 and a beta of 0.95. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The company’s 50 day simple moving average is $42.11 and its 200-day simple moving average is $42.23.

Smurfit Westrock (NYSE:SW) last released its earnings results 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 analysts’ expectations of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 EPS. As a group, equities research analysts anticipate that Smurfit Westrock PLC will post 2.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.4523 dividend. This represents a $1.81 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SW. Barclays reduced their price target on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Wall Street Zen cut Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Royal Bank Of Canada cut their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group began coverage on Smurfit Westrock in a research note on Tuesday, March 24th. They set a “buy” rating and a $49.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on Smurfit Westrock from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.17.

About Smurfit Westrock

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.