Entropy Technologies LP Has $3.59 Million Stock Position in Smurfit Westrock PLC $SW

Entropy Technologies LP boosted its position in Smurfit Westrock PLC (NYSE:SW) by 456.8% during the 3rd quarter, Holdings Channel reports. The fund owned 84,366 shares of the company’s stock after buying an additional 69,213 shares during the period. Entropy Technologies LP’s holdings in Smurfit Westrock were worth $3,591,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SW. Benjamin Edwards Inc. increased its holdings in shares of Smurfit Westrock by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after acquiring an additional 264 shares in the last quarter. AXA S.A. lifted its holdings in shares of Smurfit Westrock by 1.3% in the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after purchasing an additional 285 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Smurfit Westrock by 12.6% in the 2nd quarter. Penserra Capital Management LLC now owns 2,779 shares of the company’s stock worth $119,000 after purchasing an additional 312 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after purchasing an additional 340 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in Smurfit Westrock by 6.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after purchasing an additional 346 shares during the period. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 5.8%

SW opened at $39.75 on Friday. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $52.65. The firm has a market capitalization of $20.84 billion, a P/E ratio of 29.89 and a beta of 1.06. The company’s 50-day moving average is $44.33 and its 200 day moving average is $41.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.95.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.12). Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. The firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter last year, the business posted $0.28 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Research analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th will be issued a $0.4523 dividend. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Smurfit Westrock’s dividend payout ratio is currently 136.09%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SW. Royal Bank Of Canada upped their price objective on shares of Smurfit Westrock from $51.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Citigroup lifted their price objective on shares of Smurfit Westrock from $48.00 to $59.00 and gave the company a “buy” rating in a report on Friday, February 13th. Truist Financial set a $60.00 target price on shares of Smurfit Westrock in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $58.00 price target on shares of Smurfit Westrock in a research report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $57.10.

Insider Buying and Selling

In related news, CFO Ken Bowles sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the sale, the chief financial officer directly owned 151,644 shares of the company’s stock, valued at approximately $7,773,271.44. This trade represents a 6.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of Smurfit Westrock stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $51.54, for a total value of $2,061,600.00. Following the sale, the chief executive officer owned 1,642,610 shares in the company, valued at $84,660,119.40. This trade represents a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.49% of the company’s stock.

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.