ING Groep NV Acquires Shares of 366,409 Smurfit Westrock PLC $SW

ING Groep NV acquired a new stake in shares of Smurfit Westrock PLC (NYSE:SW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 366,409 shares of the company’s stock, valued at approximately $14,169,000. ING Groep NV owned 0.07% of Smurfit Westrock at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock in the 2nd quarter worth about $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth about $28,000. Clearstead Advisors LLC grew its position in shares of Smurfit Westrock by 231.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock worth $51,000 after buying an additional 927 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of Smurfit Westrock in the 2nd quarter worth about $63,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth about $61,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SW. Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Citigroup reduced their target price on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Truist Financial set a $50.00 target price on shares of Smurfit Westrock in a research report on Friday, May 1st. UBS Group reduced their target price 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 raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $41.34 on Monday. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The company’s 50-day moving average is $40.28 and its 200 day moving average is $40.77. The company has a market capitalization of $21.68 billion, a price-to-earnings ratio of 57.42 and a beta of 0.96. 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 announced its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.57 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 251.39%.

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.