TD Asset Management Inc Has $10.85 Million Stock Holdings in Smurfit Westrock PLC $SW

TD Asset Management Inc increased its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 48.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,583 shares of the company’s stock after buying an additional 91,354 shares during the period. TD Asset Management Inc’s holdings in Smurfit Westrock were worth $10,850,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in shares of Smurfit Westrock by 64.8% in the 4th quarter. CIBC Asset Management Inc now owns 133,301 shares of the company’s stock worth $5,155,000 after purchasing an additional 52,418 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Smurfit Westrock by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 9,054,029 shares of the company’s stock worth $350,119,000 after purchasing an additional 360,078 shares during the period. AXQ Capital LP acquired a new position in shares of Smurfit Westrock in the 4th quarter worth approximately $470,000. New Mexico Educational Retirement Board lifted its position in shares of Smurfit Westrock by 7.1% in the 4th quarter. New Mexico Educational Retirement Board now owns 23,985 shares of the company’s stock worth $927,000 after purchasing an additional 1,600 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Smurfit Westrock by 4.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,554,035 shares of the company’s stock worth $98,765,000 after purchasing an additional 104,219 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SW shares. Jefferies Financial Group set a $58.00 price target on shares of Smurfit Westrock in a research report on Thursday, February 12th. Barclays dropped their price target on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and issued a $57.00 price target on shares of Smurfit Westrock in a research report on Wednesday, May 6th. UBS Group dropped their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Finally, Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Smurfit Westrock Stock Performance

NYSE:SW opened at $40.54 on Tuesday. The company has a fifty day moving average of $40.29 and a 200-day moving average of $40.82. The firm has a market capitalization of $21.26 billion, a P/E ratio of 56.30 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share 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 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 was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s payout ratio is 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.