Horizon Investments LLC Acquires 382 Shares of Smurfit Westrock PLC $SW

Horizon Investments LLC boosted its holdings in Smurfit Westrock PLC (NYSE:SW) by 5.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,133 shares of the company’s stock after purchasing an additional 382 shares during the quarter. Horizon Investments LLC’s holdings in Smurfit Westrock were worth $321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. boosted its position in shares of Smurfit Westrock by 127,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,277 shares of the company’s stock valued at $57,000 after acquiring an additional 1,276 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Smurfit Westrock by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 9,003,480 shares of the company’s stock valued at $484,927,000 after acquiring an additional 149,210 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Smurfit Westrock by 106.3% during the 1st quarter. QRG Capital Management Inc. now owns 11,709 shares of the company’s stock valued at $528,000 after acquiring an additional 6,032 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Smurfit Westrock by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company’s stock valued at $2,610,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Smurfit Westrock by 36.5% during the 1st quarter. Farther Finance Advisors LLC now owns 5,038 shares of the company’s stock valued at $230,000 after acquiring an additional 1,346 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

SW stock opened at $42.88 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $44.94 and its two-hundred day simple moving average is $45.40. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 64.97 and a beta of 1.06.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share 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 business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.88 billion. The company’s revenue for the quarter was up 167.4% compared to the same quarter last year. Analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 15th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Smurfit Westrock’s payout ratio is 260.61%.

Analyst Ratings Changes

Several analysts recently weighed in on SW shares. Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and increased their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. Barclays decreased their price target on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Royal Bank Of Canada decreased their price target on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Truist Financial increased their price target on Smurfit Westrock from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Morgan Stanley increased 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.00.

Smurfit Westrock 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.