Smurfit Westrock PLC $SW Shares Purchased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA raised its holdings in Smurfit Westrock PLC (NYSE:SW) by 90.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,160 shares of the company’s stock after purchasing an additional 24,307 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Smurfit Westrock were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SW. Lombard Odier Asset Management USA Corp purchased a new position in shares of Smurfit Westrock during the 1st quarter worth approximately $1,295,000. Van Den Berg Management I Inc. boosted its stake in shares of Smurfit Westrock by 3.1% in the first quarter. Van Den Berg Management I Inc. now owns 160,915 shares of the company’s stock valued at $6,412,000 after buying an additional 4,828 shares in the last quarter. Wealth Alliance LLC acquired a new position in Smurfit Westrock during the first quarter worth $478,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Smurfit Westrock by 59.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 32,824 shares of the company’s stock worth $1,308,000 after acquiring an additional 12,181 shares during the period. Finally, GC Wealth Management RIA LLC raised its position in Smurfit Westrock by 24.6% in the first quarter. GC Wealth Management RIA LLC now owns 21,838 shares of the company’s stock worth $870,000 after acquiring an additional 4,312 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $48.67 on Monday. The stock has a fifty day moving average price of $42.89 and a 200 day moving average price of $42.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The stock has a market cap of $25.52 billion, a PE ratio of 67.59, a P/E/G ratio of 0.81 and a beta of 0.95. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same period last year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts forecast that Smurfit Westrock PLC will post 2.24 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on SW shares. Truist Financial raised their target price on Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Citigroup increased their price target on shares of Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wall Street Zen cut shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of Smurfit Westrock from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

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.