Oregon Public Employees Retirement Fund Grows Stock Position in Smurfit Westrock PLC $SW

Oregon Public Employees Retirement Fund increased its position in shares of Smurfit Westrock PLC (NYSE:SW) by 39.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,645 shares of the company’s stock after purchasing an additional 16,865 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Smurfit Westrock were worth $2,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock during the second quarter worth $29,000. Rexford Capital Inc. acquired a new position in Smurfit Westrock during the second quarter worth about $35,000. Whipplewood Advisors LLC boosted its position in Smurfit Westrock by 50.0% during the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after acquiring an additional 342 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Smurfit Westrock by 81.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock valued at $49,000 after acquiring an additional 507 shares in the last quarter. Finally, Groupe la Francaise acquired a new stake in Smurfit Westrock in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Down 0.0%

Shares of SW stock opened at $42.98 on Tuesday. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $56.05. The firm has a market cap of $22.44 billion, a PE ratio of 30.06 and a beta of 1.09. The company has a 50-day moving average of $37.03 and a two-hundred day moving average of $41.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.97.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.10). The company had revenue of $8 billion during 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 quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 14th were given a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 120.28%.

Analyst Ratings Changes

SW has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, January 6th. Morgan Stanley reiterated an “overweight” rating on shares of Smurfit Westrock in a research report on Thursday. Citigroup dropped their target price on Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Barclays cut their target price on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, UBS Group started coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They set a “buy” rating and a $60.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.60.

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.