Geneos Wealth Management Inc. Boosts Stock Holdings in Smurfit Westrock PLC $SW

Geneos Wealth Management Inc. lifted its stake in Smurfit Westrock PLC (NYSE:SW) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,292 shares of the company’s stock after buying an additional 335 shares during the period. Geneos Wealth Management Inc.’s holdings in Smurfit Westrock were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SW. Nuveen LLC bought a new position in Smurfit Westrock during the 1st quarter worth approximately $1,051,299,000. Orbis Allan Gray Ltd boosted its stake in shares of Smurfit Westrock by 74.8% during the first quarter. Orbis Allan Gray Ltd now owns 10,114,213 shares of the company’s stock valued at $455,746,000 after purchasing an additional 4,329,653 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Smurfit Westrock by 39.3% in the first quarter. JPMorgan Chase & Co. now owns 6,100,067 shares of the company’s stock worth $274,869,000 after purchasing an additional 1,721,889 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Smurfit Westrock in the fourth quarter worth $72,812,000. Finally, Alliancebernstein L.P. raised its holdings in Smurfit Westrock by 16.1% during the 1st quarter. Alliancebernstein L.P. now owns 5,689,254 shares of the company’s stock valued at $256,358,000 after buying an additional 788,082 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.5%

SW stock opened at $44.51 on Tuesday. The business has a 50 day moving average of $45.62 and a 200 day moving average of $44.28. The firm has a market cap of $23.24 billion, a PE ratio of 67.44 and a beta of 1.04. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.88 billion. Smurfit Westrock’s quarterly revenue was up 167.4% compared to the same quarter last year. On average, research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be issued a $0.4308 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.72 annualized dividend and a yield of 3.9%. Smurfit Westrock’s payout ratio is 260.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SW shares. Wells Fargo & Company raised their price target on shares of Smurfit Westrock from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Morgan Stanley boosted their price target on Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Truist Financial increased their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Jefferies Financial Group raised Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their target price for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Finally, Barclays decreased their target price on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.00.

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.