Smurfit Westrock PLC $SW Shares Acquired by Holowesko Partners Ltd.

Holowesko Partners Ltd. raised its position in shares of Smurfit Westrock PLC (NYSE:SW) by 88.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 447,500 shares of the company’s stock after purchasing an additional 210,000 shares during the period. Smurfit Westrock accounts for approximately 6.0% of Holowesko Partners Ltd.’s holdings, making the stock its 8th biggest position. Holowesko Partners Ltd. owned approximately 0.09% of Smurfit Westrock worth $17,305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock in the 2nd quarter worth approximately $29,000. Clearstead Advisors LLC raised its holdings in shares of Smurfit Westrock by 231.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock valued at $51,000 after acquiring an additional 927 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $61,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Smurfit Westrock during the second quarter valued at approximately $63,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SW shares. Morgan Stanley reiterated an “overweight” rating and issued a $57.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a report on Friday, May 29th. Finally, Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Stock Up 0.2%

Shares of NYSE SW opened at $41.34 on Monday. The stock has a market cap of $21.68 billion, a P/E ratio of 57.42 and a beta of 0.96. The firm has a 50 day moving average price of $40.28 and a 200 day moving average price of $40.77. 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 PLC has a 52-week low of $32.73 and a 52-week high of $52.65.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. Analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders 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%.

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.