Generali Asset Management SPA SGR Has $1.26 Million Holdings in Smurfit Westrock PLC $SW

Generali Asset Management SPA SGR increased its position in Smurfit Westrock PLC (NYSE:SW) by 128.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 29,494 shares of the company’s stock after purchasing an additional 16,592 shares during the period. Generali Asset Management SPA SGR’s holdings in Smurfit Westrock were worth $1,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SW. Ethic Inc. lifted its holdings in shares of Smurfit Westrock by 0.6% in the second quarter. Ethic Inc. now owns 41,103 shares of the company’s stock valued at $1,770,000 after purchasing an additional 254 shares in the last quarter. Moody National Bank Trust Division raised its position in Smurfit Westrock by 1.7% during the second quarter. Moody National Bank Trust Division now owns 15,001 shares of the company’s stock valued at $647,000 after buying an additional 255 shares during the period. Legacy Wealth Asset Management LLC raised its position in Smurfit Westrock by 1.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 13,551 shares of the company’s stock valued at $585,000 after buying an additional 258 shares during the period. Benjamin Edwards Inc. lifted its stake in Smurfit Westrock by 4.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after acquiring an additional 264 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Smurfit Westrock by 21.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $64,000 after acquiring an additional 267 shares during the period. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

Shares of SW opened at $39.58 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.48. The firm has a market cap of $20.67 billion, a PE ratio of 27.68 and a beta of 1.09. The firm’s 50 day moving average price is $36.72 and its 200 day moving average price is $41.75. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $56.05.

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

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 14th were issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 120.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SW shares. Barclays dropped their target price on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Zacks Research lowered shares of Smurfit Westrock from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. UBS Group assumed coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They issued a “buy” rating and a $60.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Argus dropped their price target on shares of Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average price target of $53.30.

About Smurfit Westrock

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.