Lombard Odier Asset Management Europe Ltd Decreases Stake in Smurfit Westrock PLC $SW

Lombard Odier Asset Management Europe Ltd reduced its position in shares of Smurfit Westrock PLC (NYSE:SW) by 35.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,655 shares of the company’s stock after selling 136,723 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Smurfit Westrock were worth $9,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SW. Sound Income Strategies LLC lifted its stake in Smurfit Westrock by 79,790.6% during the fourth quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after purchasing an additional 127,665 shares during the last quarter. BIP Wealth LLC purchased a new position in Smurfit Westrock in the fourth quarter valued at approximately $2,412,000. AE Wealth Management LLC raised its holdings in Smurfit Westrock by 9.1% during the fourth quarter. AE Wealth Management LLC now owns 369,652 shares of the company’s stock worth $14,294,000 after purchasing an additional 30,804 shares in the last quarter. Howard Capital Management Inc. acquired a new stake in Smurfit Westrock during the fourth quarter worth approximately $924,000. Finally, Horizon Investments LLC lifted its position in shares of Smurfit Westrock by 1,042.7% during the 4th quarter. Horizon Investments LLC now owns 207,429 shares of the company’s stock worth $8,021,000 after buying an additional 189,276 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $48.67 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The business’s 50-day moving average price is $42.89 and its 200 day moving average price is $42.60. The firm has a market cap of $25.52 billion, a P/E ratio of 67.59, a P/E/G ratio of 0.81 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations 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 was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 earnings per share. On average, equities research analysts expect that Smurfit Westrock PLC will post 2.24 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

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

Analysts Set New Price Targets

SW has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. UBS Group reduced their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada raised their price objective on Smurfit Westrock from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Truist Financial raised their price target on Smurfit Westrock from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

Smurfit Westrock 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.