Engineers Gate Manager LP Purchases 761,035 Shares of Smurfit Westrock PLC $SW

Engineers Gate Manager LP boosted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 2,986.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 786,518 shares of the company’s stock after buying an additional 761,035 shares during the quarter. Engineers Gate Manager LP’s holdings in Smurfit Westrock were worth $36,384,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on SW shares. Wall Street Zen upgraded Smurfit Westrock from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Smurfit Westrock in a report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Loop Capital set a $71.00 price objective on Smurfit Westrock in a research report on Tuesday, July 28th. Seaport Research Partners reissued a “buy” rating and set a $54.00 target price on shares of Smurfit Westrock in a research note on Wednesday, August 12th. Finally, Citigroup upped their target price on Smurfit Westrock from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.69.

Smurfit Westrock Stock Down 4.5%

Shares of Smurfit Westrock stock opened at $42.27 on Thursday. 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 moving average of $46.58 and a 200 day moving average of $43.39. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 44.97, a PEG ratio of 1.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.96.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. Smurfit Westrock’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 1.98 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 14th. Smurfit Westrock’s dividend payout ratio is 192.55%.

Smurfit Westrock Profile

Smurfit Westrock plc (NYSE:SW) is a global provider of paper and corrugated packaging solutions. The company designs and manufactures products such as corrugated shipping containers, consumer packaging, folding cartons, paper bags, displays and other fiber-based packaging used across a range of industries.

The company also produces containerboard and other paper products that support its packaging operations, along with recycling and packaging-related services. Its customers include businesses in the food and beverage, consumer products, industrial, e-commerce and retail sectors.