Smurfit Westrock PLC $SW is Verbena Value LP’s 5th Largest Position

Verbena Value LP boosted its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 67.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,076,500 shares of the company’s stock after buying an additional 431,900 shares during the quarter. Smurfit Westrock comprises about 7.0% of Verbena Value LP’s investment portfolio, making the stock its 5th biggest holding. Verbena Value LP’s holdings in Smurfit Westrock were worth $42,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $28,000. DV Equities LLC acquired a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Smurfit Westrock during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC lifted its stake in Smurfit Westrock by 187.6% in the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after buying an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Smurfit Westrock in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SW shares. The Goldman Sachs Group began coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They set a “buy” rating and a $49.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Smurfit Westrock in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 target price for the company. Truist Financial set a $50.00 target price on shares of Smurfit Westrock in a report on Friday, May 1st. Finally, UBS Group decreased 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 note on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.17.

Smurfit Westrock Price Performance

SW opened at $44.29 on Monday. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year 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. The stock has a market capitalization of $23.23 billion, a PE ratio of 61.52, a P/E/G ratio of 0.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.71 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. As a group, sell-side analysts expect that Smurfit Westrock PLC will post 2.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.4523 per share. 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 250.00%.

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.