Lombard Odier Asset Management USA Corp Takes $1.29 Million Position in Smurfit Westrock PLC $SW

Lombard Odier Asset Management USA Corp bought a new position in shares of Smurfit Westrock PLC (NYSE:SW) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,500 shares of the company’s stock, valued at approximately $1,295,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Smurfit Westrock by 90.5% in the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after buying an additional 6,378 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings 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. lifted its position in shares of Smurfit Westrock by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock valued at $2,188,000 after acquiring an additional 2,698 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Smurfit Westrock by 192.3% in the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock valued at $598,000 after acquiring an additional 8,726 shares in the last quarter. Finally, Woodline Partners LP lifted its position 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 valued at $1,882,000 after acquiring an additional 12,096 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

SW stock opened at $48.67 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The business has a 50 day simple moving average of $42.89 and a 200-day simple moving average of $42.60. The firm has a market capitalization of $25.52 billion, a PE ratio of 67.59, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65.

Smurfit Westrock (NYSE:SW) last posted 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). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same period in the prior year, the business posted $0.74 EPS. Smurfit Westrock’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts anticipate that Smurfit Westrock PLC will post 2.24 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $0.4523 dividend. This represents a $1.81 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is presently 251.39%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SW shares. Citigroup boosted their price target on Smurfit Westrock from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Royal Bank Of Canada raised their price objective on Smurfit Westrock from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

Smurfit Westrock Company 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.