Paradigm Capital Management Inc. NY Makes New $841,000 Investment in Smurfit Westrock PLC $SW

Paradigm Capital Management Inc. NY purchased a new stake in Smurfit Westrock PLC (NYSE:SW) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 18,180 shares of the company’s stock, valued at approximately $841,000.

Other large investors have also recently modified their holdings of the company. Cullen Capital Management LLC acquired a new position in shares of Smurfit Westrock during the second quarter worth $62,885,000. Advisors Preferred LLC acquired a new stake in Smurfit Westrock in the second quarter valued at $3,446,000. Trinity Street Asset Management LLP acquired a new stake in Smurfit Westrock in the second quarter valued at $243,400,000. Handelsbanken Fonder AB increased its holdings in Smurfit Westrock by 23.4% in the second quarter. Handelsbanken Fonder AB now owns 194,600 shares of the company’s stock valued at $9,002,000 after purchasing an additional 36,900 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in Smurfit Westrock by 23.1% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 31,416 shares of the company’s stock worth $1,453,000 after purchasing an additional 5,905 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings raised Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Truist Financial raised their price objective on Smurfit Westrock from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Citigroup lifted their price objective on Smurfit Westrock from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada increased their target price on shares of Smurfit Westrock from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.62.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock opened at $48.78 on Tuesday. The business has a 50-day moving average price of $46.32 and a two-hundred day moving average price of $43.53. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company has a market cap of $25.59 billion, a P/E ratio of 51.89, a PEG ratio of 0.90 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, analysts anticipate that Smurfit Westrock PLC will post 2.06 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 14th. Smurfit Westrock’s payout ratio is presently 192.55%.

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.