Ilmarinen Mutual Pension Insurance Co Has $6.19 Million Holdings in Smurfit Westrock PLC $SW

Ilmarinen Mutual Pension Insurance Co grew its position in Smurfit Westrock PLC (NYSE:SW) by 28.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 160,000 shares of the company’s stock after acquiring an additional 34,954 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Smurfit Westrock were worth $6,187,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SW. AQR Capital Management LLC increased its position in Smurfit Westrock by 90.5% in the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after purchasing an additional 6,378 shares during the last quarter. Integrated Wealth Concepts LLC increased 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 worth $248,000 after purchasing an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Smurfit Westrock by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after purchasing an additional 2,698 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after acquiring an additional 8,726 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in shares of Smurfit Westrock by 40.8% during the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after acquiring an additional 12,096 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SW shares. Barclays reduced their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Citigroup dropped their price target on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Smurfit Westrock Price Performance

NYSE SW opened at $41.09 on Friday. The stock has a market capitalization of $21.55 billion, a PE ratio of 57.07 and a beta of 0.95. The stock has a 50-day simple moving average of $39.89 and a 200 day simple moving average of $40.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. Research analysts anticipate that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

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

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.