Bessemer Group Inc. Has $33,000 Position in Smurfit Westrock PLC $SW

Bessemer Group Inc. lessened its position in Smurfit Westrock PLC (NYSE:SW) by 75.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 774 shares of the company’s stock after selling 2,321 shares during the period. Bessemer Group Inc.’s holdings in Smurfit Westrock were worth $33,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in shares of Smurfit Westrock in the 1st quarter valued at about $29,000. IMA Advisory Services Inc. bought a new position in shares of Smurfit Westrock in the 1st quarter valued at about $30,000. Whipplewood Advisors LLC grew its position in shares of Smurfit Westrock by 50.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after acquiring an additional 342 shares during the period. SVB Wealth LLC bought a new position in shares of Smurfit Westrock in the 1st quarter valued at about $49,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Smurfit Westrock by 81.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock valued at $49,000 after acquiring an additional 507 shares during the period. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $36.04 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $18.82 billion, a P/E ratio of 25.20 and a beta of 1.09. Smurfit Westrock PLC has a 12-month low of $35.21 and a 12-month high of $56.99. The firm has a 50-day moving average price of $42.78 and a two-hundred day moving average price of $43.73.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The business had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. Smurfit Westrock’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be issued a $0.4308 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 4.8%. Smurfit Westrock’s payout ratio is currently 120.28%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SW shares. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a research report on Monday. Truist Financial decreased their price objective on shares of Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada decreased their price objective on shares of Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Finally, Seaport Res Ptn raised shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $56.90.

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.