Parkside Investments LLC Buys Shares of 20,000 Smurfit Westrock PLC $SW

Parkside Investments LLC bought a new stake in shares of Smurfit Westrock PLC (NYSE:SW) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $773,000.

Other institutional investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its holdings in Smurfit Westrock by 113.3% during the third quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after buying an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock during the second quarter valued at about $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Smurfit Westrock during the fourth quarter valued at about $28,000. Root Financial Partners LLC bought a new position in Smurfit Westrock during the third quarter valued at about $33,000. Finally, Clearstead Advisors LLC raised its holdings in Smurfit Westrock by 231.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock valued at $51,000 after buying an additional 927 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Up 0.1%

Smurfit Westrock stock opened at $38.09 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The business’s 50-day simple moving average is $39.87 and its 200-day simple moving average is $40.40. The firm has a market capitalization of $19.97 billion, a PE ratio of 52.90 and a beta of 0.95. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that Smurfit Westrock PLC will post 2.32 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s payout ratio is currently 251.39%.

Wall Street Analyst Weigh In

SW has been the topic of several recent research reports. UBS Group cut their target price on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Citigroup dropped their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company dropped their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Truist Financial set a $50.00 price objective on Smurfit Westrock in a research note on Friday, May 1st. Finally, The Goldman Sachs Group initiated coverage on Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.