NEOS Investment Management LLC Has $1.20 Million Holdings in Smurfit Westrock PLC $SW

NEOS Investment Management LLC grew its stake in Smurfit Westrock PLC (NYSE:SW) by 63.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,163 shares of the company’s stock after purchasing an additional 10,916 shares during the period. NEOS Investment Management LLC’s holdings in Smurfit Westrock were worth $1,199,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Smurfit Westrock by 8.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 970,595 shares of the company’s stock valued at $40,762,000 after acquiring an additional 74,360 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Smurfit Westrock by 7.0% in the 2nd quarter. New York State Common Retirement Fund now owns 520,366 shares of the company’s stock worth $22,454,000 after purchasing an additional 34,088 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Smurfit Westrock by 42.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,239,822 shares of the company’s stock worth $52,779,000 after purchasing an additional 372,177 shares in the last quarter. Exane Asset Management lifted its holdings in Smurfit Westrock by 35.4% during the 3rd quarter. Exane Asset Management now owns 345,393 shares of the company’s stock valued at $14,703,000 after purchasing an additional 90,233 shares during the last quarter. Finally, Marathon Asset Management Ltd acquired a new position in Smurfit Westrock in the third quarter valued at about $10,360,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Smurfit Westrock from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Barclays lifted their price objective on Smurfit Westrock from $47.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday. Morgan Stanley restated an “overweight” rating and set a $61.00 target price on shares of Smurfit Westrock in a report on Wednesday. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a report on Monday, December 29th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

Insider Activity

In other Smurfit Westrock news, CFO Ken Bowles sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.26, for a total value of $512,600.00. Following the completion of the transaction, the chief financial officer directly owned 151,644 shares of the company’s stock, valued at approximately $7,773,271.44. The trade was a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total value of $2,061,600.00. Following the completion of the transaction, the chief executive officer owned 1,642,610 shares of the company’s stock, valued at $84,660,119.40. This represents a 2.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Trading Down 2.1%

Shares of NYSE SW opened at $48.71 on Friday. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $54.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.95. The firm has a market capitalization of $25.45 billion, a P/E ratio of 36.62 and a beta of 1.09. The company’s 50 day simple moving average is $42.60 and its 200 day simple moving average is $41.47.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.34 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 net margin of 2.24% and a return on equity of 6.10%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. On average, analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.4523 per share. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Smurfit Westrock’s payout ratio is 136.09%.

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.