Smurfit Westrock PLC $SW is Polaris Capital Management LLC’s 4th Largest Position

Polaris Capital Management LLC lessened its holdings in Smurfit Westrock PLC (NYSE:SWFree Report) by 28.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,778,060 shares of the company’s stock after selling 692,263 shares during the period. Smurfit Westrock comprises 5.1% of Polaris Capital Management LLC’s holdings, making the stock its 4th biggest position. Polaris Capital Management LLC owned 0.34% of Smurfit Westrock worth $76,723,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NBC Securities Inc. lifted its position in shares of Smurfit Westrock by 127,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,277 shares of the company’s stock worth $57,000 after purchasing an additional 1,276 shares during the period. Czech National Bank lifted its position in Smurfit Westrock by 6.7% during the second quarter. Czech National Bank now owns 121,218 shares of the company’s stock valued at $5,231,000 after acquiring an additional 7,657 shares during the last quarter. QRG Capital Management Inc. lifted its position in Smurfit Westrock by 106.3% during the first 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. Foresight Group Ltd Liability Partnership purchased a new stake in Smurfit Westrock during the first quarter valued at approximately $26,028,000. Finally, Centennial Wealth Advisory LLC purchased a new stake in Smurfit Westrock during the second quarter valued at approximately $481,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.1%

SW stock opened at $41.94 on Friday. The firm has a market cap of $21.90 billion, a PE ratio of 63.54 and a beta of 1.09. 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 firm’s fifty day moving average is $44.57 and its 200 day moving average is $44.05. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99.

Smurfit Westrock (NYSE:SWGet Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. The business’s revenue was up 167.4% compared to the same quarter last year. On average, research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were paid 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 dividend payout ratio (DPR) is currently 260.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial increased their target price on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Saturday, September 27th. Wells Fargo & Company increased their target price on shares of Smurfit Westrock from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. UBS Group assumed coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They set a “buy” rating and a $60.00 target price for the company. Finally, Morgan Stanley increased their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Read Our Latest Research Report on Smurfit Westrock

About Smurfit Westrock

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Smurfit Westrock (NYSE:SW)

Receive News & Ratings for Smurfit Westrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smurfit Westrock and related companies with MarketBeat.com's FREE daily email newsletter.