Smurfit Westrock PLC $SW Shares Purchased by Aberdeen Group plc

Aberdeen Group plc boosted its position in Smurfit Westrock PLC (NYSE:SW) by 910.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 329,621 shares of the company’s stock after acquiring an additional 297,003 shares during the quarter. Aberdeen Group plc owned 0.06% of Smurfit Westrock worth $13,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Smurfit Westrock in the 2nd quarter valued at $749,735,000. Orbis Allan Gray Ltd grew its position in shares of Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after buying an additional 8,286,205 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Smurfit Westrock by 4,580.7% in the third quarter. Pacer Advisors Inc. now owns 1,861,635 shares of the company’s stock valued at $79,250,000 after acquiring an additional 1,821,862 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Smurfit Westrock by 19.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,500,852 shares of the company’s stock valued at $366,812,000 after acquiring an additional 1,399,464 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Smurfit Westrock by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 80,421,330 shares of the company’s stock valued at $3,472,329,000 after acquiring an additional 1,233,997 shares during the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $49.77 on Friday. The firm’s 50 day moving average is $42.37 and its two-hundred day moving average is $41.44. The firm has a market capitalization of $26.00 billion, a P/E ratio of 37.42 and a beta of 1.09. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $55.16.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.63 billion. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%.The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.4523 per share. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, February 17th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 136.09%.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Truist Financial set a $60.00 price objective on Smurfit Westrock in a report on Thursday, February 12th. Jefferies Financial Group set a $58.00 price objective on Smurfit Westrock in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their target price on Smurfit Westrock from $51.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company boosted their price target on Smurfit Westrock from $48.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.20.

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.