Raiffeisen Bank International AG Invests $3.71 Million in Smurfit Westrock Ltd (NYSE:SW)

Raiffeisen Bank International AG acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 69,134 shares of the company’s stock, valued at approximately $3,707,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC acquired a new stake in Smurfit Westrock during the third quarter worth approximately $171,026,000. JPMorgan Chase & Co. acquired a new stake in Smurfit Westrock during the third quarter worth approximately $221,026,000. Park Avenue Securities LLC grew its stake in Smurfit Westrock by 9.1% during the fourth quarter. Park Avenue Securities LLC now owns 12,394 shares of the company’s stock worth $668,000 after purchasing an additional 1,035 shares during the period. Contravisory Investment Management Inc. grew its stake in Smurfit Westrock by 2.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company’s stock worth $764,000 after purchasing an additional 365 shares during the period. Finally, Gateway Investment Advisers LLC grew its stake in Smurfit Westrock by 4.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 149,888 shares of the company’s stock worth $8,073,000 after purchasing an additional 6,973 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $46.61 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $24.33 billion, a PE ratio of 84.75 and a beta of 1.00. The business’s 50-day moving average price is $42.83 and its 200-day moving average price is $49.50. Smurfit Westrock Ltd has a 12 month low of $37.01 and a 12 month high of $56.99.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. The firm’s revenue was up 161.3% on a year-over-year basis. Sell-side analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th will be paid a $0.4308 dividend. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, May 16th. Smurfit Westrock’s payout ratio is presently 140.98%.

Insider Activity

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the transaction, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Irial Finan acquired 15,180 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the purchase, the director now directly owns 54,893 shares of the company’s stock, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on SW. Barclays reduced their price objective on Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Truist Financial reduced their price objective on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price objective on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada reduced their price objective on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.20.

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.