Smurfit Westrock PLC $SW Shares Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lifted its holdings in Smurfit Westrock PLC (NYSE:SW) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,551 shares of the company’s stock after acquiring an additional 258 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Smurfit Westrock were worth $585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank boosted its holdings in Smurfit Westrock by 6.7% during the second quarter. Czech National Bank now owns 121,218 shares of the company’s stock worth $5,231,000 after buying an additional 7,657 shares in the last quarter. Centennial Wealth Advisory LLC acquired a new stake in shares of Smurfit Westrock during the 2nd quarter valued at $481,000. Foresight Group Ltd Liability Partnership acquired a new stake in shares of Smurfit Westrock during the 1st quarter valued at $26,028,000. Great Lakes Advisors LLC bought a new stake in shares of Smurfit Westrock during the 1st quarter worth $13,119,000. Finally, Perpetual Ltd acquired a new position in shares of Smurfit Westrock in the 2nd quarter worth $425,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Up 0.8%

Shares of NYSE SW opened at $42.55 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99. The business has a 50-day moving average price of $43.82 and a two-hundred day moving average price of $43.79. The firm has a market capitalization of $22.22 billion, a PE ratio of 64.48 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last issued 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). The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The company’s revenue for the quarter was up 167.4% on a year-over-year basis. As a group, analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were paid a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Smurfit Westrock’s dividend payout ratio (DPR) is 260.61%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Truist Financial raised their target price on shares of Smurfit Westrock from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Wells Fargo & Company set a $52.00 target price on shares of Smurfit Westrock and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Morgan Stanley upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Buy” and a consensus price target of $57.90.

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.