Vontobel Holding Ltd. Purchases 27,557 Shares of Smurfit Westrock PLC $SW

Vontobel Holding Ltd. boosted its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,269,135 shares of the company’s stock after purchasing an additional 27,557 shares during the quarter. Vontobel Holding Ltd.’s holdings in Smurfit Westrock were worth $49,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Smurfit Westrock in the second quarter valued at $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at $31,000. McMillan Office Inc. acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Smurfit Westrock by 4,585.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 937 shares of the company’s stock valued at $36,000 after purchasing an additional 917 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SW shares. Barclays decreased their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Citigroup dropped their target price on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a report on Monday, May 4th. Royal Bank Of Canada dropped their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Truist Financial set a $50.00 target price on Smurfit Westrock in a report on Friday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.00.

Smurfit Westrock Stock Performance

NYSE:SW opened at $43.28 on Friday. The stock has a market cap of $22.70 billion, a P/E ratio of 60.11 and a beta of 0.96. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average is $40.46 and its 200-day moving average is $41.00. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65.

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

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s 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.