Smurfit Westrock PLC $SW Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in Smurfit Westrock PLC (NYSE:SW) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,657 shares of the company’s stock after purchasing an additional 2,568 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Smurfit Westrock were worth $1,021,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in Smurfit Westrock in the first quarter valued at approximately $29,000. Tsfg LLC acquired a new stake in Smurfit Westrock in the first quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new stake in Smurfit Westrock in the first quarter valued at approximately $30,000. Smallwood Wealth Investment Management LLC acquired a new stake in Smurfit Westrock in the first quarter valued at approximately $40,000. Finally, SVB Wealth LLC acquired a new stake in Smurfit Westrock in the first quarter valued at approximately $49,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

NYSE SW opened at $41.51 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The stock’s fifty day moving average is $43.88 and its two-hundred day moving average is $43.79. The firm has a market capitalization of $21.67 billion, a P/E ratio of 62.89 and a beta of 1.09. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. The firm’s revenue was up 167.4% on a year-over-year basis. On average, research analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were given a $0.4308 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. Smurfit Westrock’s payout ratio is currently 260.61%.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Barclays decreased their target price on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Monday, June 30th. UBS Group assumed coverage on Smurfit Westrock in a research report on Monday, September 15th. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Morgan Stanley raised their target price on Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $57.90.

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.