Advisors Preferred LLC Has $2.61 Million Stake in Smurfit Westrock PLC $SW

Advisors Preferred LLC reduced its holdings in Smurfit Westrock PLC (NYSE:SW) by 28.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,535 shares of the company’s stock after selling 25,987 shares during the quarter. Advisors Preferred LLC’s holdings in Smurfit Westrock were worth $2,612,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at approximately $28,000. DV Equities LLC acquired a new stake in Smurfit Westrock during the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock in the second quarter valued at approximately $29,000. Root Financial Partners LLC lifted its stake in Smurfit Westrock by 187.6% in the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after buying an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $31,000. Institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

SW has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Truist Financial set a $50.00 target price on shares of Smurfit Westrock in a research note on Friday, May 1st. Royal Bank Of Canada lowered their target price on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on Smurfit Westrock from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company boosted their price target on Smurfit Westrock from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Eleven 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, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

Smurfit Westrock Trading Down 0.4%

Shares of NYSE:SW opened at $42.97 on Wednesday. The company’s 50-day moving average price is $42.27 and its two-hundred day moving average price is $42.30. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The stock has a market capitalization of $22.54 billion, a PE ratio of 59.68, a price-to-earnings-growth ratio of 0.88 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last announced 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). The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. On average, equities analysts forecast that Smurfit Westrock PLC will post 2.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.

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.