TD Asset Management Inc Purchases 91,354 Shares of Smurfit Westrock PLC $SW

TD Asset Management Inc raised its position in Smurfit Westrock PLC (NYSE:SW) by 48.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,583 shares of the company’s stock after buying an additional 91,354 shares during the quarter. TD Asset Management Inc owned about 0.05% of Smurfit Westrock worth $10,850,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SW. Norges Bank bought a new position in Smurfit Westrock in the 4th quarter valued at about $495,335,000. Orbis Allan Gray Ltd increased its holdings in Smurfit Westrock by 81.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after buying an additional 8,286,205 shares during the period. UBS Group AG increased its holdings in Smurfit Westrock by 272.0% in the 3rd quarter. UBS Group AG now owns 11,240,153 shares of the company’s stock valued at $478,493,000 after buying an additional 8,218,351 shares during the period. Franklin Resources Inc. increased its holdings in Smurfit Westrock by 94.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,353,140 shares of the company’s stock valued at $482,917,000 after buying an additional 5,511,887 shares during the period. Finally, Ruffer LLP increased its holdings in Smurfit Westrock by 473.3% in the 4th quarter. Ruffer LLP now owns 4,504,151 shares of the company’s stock valued at $174,447,000 after buying an additional 3,718,562 shares during the period. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Trading Down 1.8%

SW opened at $40.54 on Tuesday. The company’s 50 day moving average is $40.29 and its 200-day moving average is $40.82. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65. The company has a market cap of $21.26 billion, a P/E ratio of 56.30 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last posted its 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 return on equity of 4.96% and a net margin of 1.22%.The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts predict that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.5%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a report on Friday, May 29th. JPMorgan Chase & Co. decreased their target price on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group initiated coverage on shares of Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 target price on the stock. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

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.