Metis Global Partners LLC Increases Holdings in Smurfit Westrock PLC $SW

Metis Global Partners LLC lifted its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 23.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,042 shares of the company’s stock after purchasing an additional 14,381 shares during the quarter. Metis Global Partners LLC’s holdings in Smurfit Westrock were worth $3,194,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its position in shares of Smurfit Westrock by 32.1% during the third quarter. Public Sector Pension Investment Board now owns 45,351 shares of the company’s stock valued at $1,931,000 after buying an additional 11,019 shares during the period. Rhumbline Advisers grew its stake in Smurfit Westrock by 1.6% during the third quarter. Rhumbline Advisers now owns 942,245 shares of the company’s stock valued at $40,111,000 after acquiring an additional 14,985 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Smurfit Westrock by 26.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 7,094 shares of the company’s stock worth $302,000 after acquiring an additional 1,498 shares during the period. ProShare Advisors LLC lifted its stake in Smurfit Westrock by 4.1% in the 3rd quarter. ProShare Advisors LLC now owns 104,499 shares of the company’s stock worth $4,449,000 after purchasing an additional 4,115 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Smurfit Westrock by 145.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 130,075 shares of the company’s stock worth $5,537,000 after purchasing an additional 77,077 shares in the last quarter. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Trading Up 0.3%

Shares of SW stock opened at $51.57 on Friday. The business has a 50-day moving average price of $41.22 and a two-hundred day moving average price of $41.26. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $55.49. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The firm has a market cap of $26.94 billion, a P/E ratio of 38.77 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.12). The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.63 billion. Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. Smurfit Westrock’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. Equities analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.4523 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.81 annualized dividend and a dividend yield of 3.5%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s payout ratio is 135.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays reduced their price target on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 29th. Truist Financial set a $60.00 target price on Smurfit Westrock in a research note on Thursday. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Royal Bank Of Canada boosted their price objective on Smurfit Westrock from $51.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus target price of $55.40.

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.