Signaturefd LLC Acquires 1,110 Shares of Smurfit Westrock PLC $SW

Signaturefd LLC increased its stake in Smurfit Westrock PLC (NYSE:SW) by 207.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,645 shares of the company’s stock after acquiring an additional 1,110 shares during the period. Signaturefd LLC’s holdings in Smurfit Westrock were worth $71,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CX Institutional lifted its stake in shares of Smurfit Westrock by 1,835.0% in the 2nd quarter. CX Institutional now owns 2,709 shares of the company’s stock valued at $117,000 after purchasing an additional 2,569 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in Smurfit Westrock by 90.7% in the second quarter. Bank Pictet & Cie Europe AG now owns 56,960 shares of the company’s stock worth $2,458,000 after buying an additional 27,086 shares during the last quarter. Old North State Wealth Management LLC boosted its stake in Smurfit Westrock by 0.8% during the second quarter. Old North State Wealth Management LLC now owns 79,962 shares of the company’s stock worth $3,452,000 after buying an additional 599 shares during the period. Banque Pictet & Cie SA boosted its stake in Smurfit Westrock by 42.5% during the second quarter. Banque Pictet & Cie SA now owns 355,610 shares of the company’s stock worth $15,345,000 after buying an additional 106,040 shares during the period. Finally, Ruffer LLP bought a new position in Smurfit Westrock during the second quarter valued at $196,095,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SW. Jefferies Financial Group upgraded shares of Smurfit Westrock from a “hold” rating to a “buy” rating and raised their target price for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Wells Fargo & Company raised their price objective on shares of Smurfit Westrock from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. UBS Group initiated coverage on Smurfit Westrock in a research report on Monday, September 15th. They set a “buy” rating and a $60.00 target price for the company. Morgan Stanley increased their price target on Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Finally, Barclays dropped their price objective 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Price Performance

Shares of SW opened at $41.94 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The company has a 50 day moving average price of $44.57 and a 200-day moving average price of $44.03. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The stock has a market capitalization of $21.90 billion, a PE ratio of 63.54 and a beta of 1.09.

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

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were given a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock’s payout ratio is presently 260.61%.

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.