ING Groep NV Buys Shares of 366,409 Smurfit Westrock PLC $SW

ING Groep NV bought a new stake in shares of Smurfit Westrock PLC (NYSE:SW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 366,409 shares of the company’s stock, valued at approximately $14,169,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock during the 2nd quarter valued at about $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Smurfit Westrock during the 4th quarter valued at about $28,000. Clearstead Advisors LLC lifted its stake in Smurfit Westrock by 231.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock valued at $51,000 after acquiring an additional 927 shares during the period. MUFG Securities EMEA plc bought a new position in Smurfit Westrock during the 2nd quarter valued at about $63,000. Finally, Fideuram Asset Management Ireland dac bought a new position in Smurfit Westrock during the 4th quarter valued at about $61,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Shares of NYSE:SW opened at $41.34 on Monday. The firm’s 50 day moving average price is $40.28 and its 200-day moving average price is $40.77. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $21.68 billion, a PE ratio of 57.42 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $0.74 EPS. Smurfit Westrock’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $0.4523 dividend. This represents a $1.81 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 251.39%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Jefferies Financial Group set a $58.00 target price on shares of Smurfit Westrock in a research note on Thursday, February 12th. Truist Financial set a $50.00 target price on shares of Smurfit Westrock in a research note on Friday, May 1st. The Goldman Sachs Group assumed coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They set a “buy” rating and a $49.00 target price on the stock. Wall Street Zen cut shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Citigroup lowered their target price on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

About Smurfit Westrock

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.