Holowesko Partners Ltd. Purchases 210,000 Shares of Smurfit Westrock PLC $SW

Holowesko Partners Ltd. boosted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 88.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,500 shares of the company’s stock after buying an additional 210,000 shares during the period. Smurfit Westrock makes up approximately 6.0% of Holowesko Partners Ltd.’s investment portfolio, making the stock its 8th largest position. Holowesko Partners Ltd.’s holdings in Smurfit Westrock were worth $17,305,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors boosted its stake in shares of Smurfit Westrock by 31.2% in the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after purchasing an additional 8,596,558 shares in the last quarter. State Street Corp boosted its stake in shares of Smurfit Westrock by 14.6% in the 3rd quarter. State Street Corp now owns 23,806,914 shares of the company’s stock valued at $1,013,474,000 after purchasing an additional 3,027,125 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Smurfit Westrock by 81.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after purchasing an additional 8,286,205 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Smurfit Westrock by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after acquiring an additional 155,778 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Smurfit Westrock in the 4th quarter valued at $495,335,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Up 0.2%

Shares of SW opened at $41.34 on Monday. The firm has a market cap of $21.68 billion, a P/E ratio of 57.42 and a beta of 0.96. The stock has a 50 day simple moving average of $40.28 and a two-hundred day simple moving average of $40.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65.

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

Smurfit Westrock Dividend Announcement

The company also recently disclosed 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 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 is 251.39%.

Wall Street Analysts Forecast Growth

SW has been the subject of several research reports. UBS Group reduced their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Barclays cut their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Citigroup cut their price target on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada cut their price target on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Truist Financial set a $50.00 price objective on Smurfit Westrock in a research note on Friday, May 1st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average 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.