Metis Global Partners LLC Grows Stock Position in Smurfit Westrock PLC $SW

Metis Global Partners LLC increased its stake in Smurfit Westrock PLC (NYSE:SW) by 23.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,042 shares of the company’s stock after acquiring an additional 14,381 shares during the period. Metis Global Partners LLC’s holdings in Smurfit Westrock were worth $3,194,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SW. AQR Capital Management LLC increased its stake in Smurfit Westrock by 90.5% in the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after purchasing an additional 6,378 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Smurfit Westrock by 6.7% in the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after purchasing an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Smurfit Westrock by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after purchasing an additional 2,698 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Smurfit Westrock by 192.3% in the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after buying an additional 8,726 shares during the period. Finally, Woodline Partners LP raised its holdings in Smurfit Westrock by 40.8% during the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after buying an additional 12,096 shares during the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Smurfit Westrock in a report on Thursday, January 8th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research note on Monday, December 29th. 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. Finally, Argus lowered their price target on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.40.

Smurfit Westrock Trading Up 0.3%

Shares of SW opened at $51.57 on Friday. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $55.49. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $41.22 and its 200-day moving average price is $41.26. The firm has a market capitalization of $26.94 billion, a price-to-earnings ratio of 38.77 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results 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 company 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%.Smurfit Westrock’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. Sell-side analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th will be paid a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, February 17th. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s dividend payout ratio (DPR) is 135.34%.

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.