Louisiana State Employees Retirement System Acquires Shares of 26,600 Smurfit Westrock PLC $SW

Louisiana State Employees Retirement System bought a new position in shares of Smurfit Westrock PLC (NYSE:SW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,600 shares of the company’s stock, valued at approximately $1,060,000.

Other hedge funds also recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $28,000. DV Equities LLC acquired a new stake in Smurfit Westrock during the fourth quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock during the 2nd quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Smurfit Westrock during the 4th quarter worth $31,000. Finally, McMillan Office Inc. acquired a new position in Smurfit Westrock in the 4th quarter valued at $35,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Down 0.1%

NYSE SW opened at $45.89 on Friday. The business has a fifty day moving average price of $41.72 and a two-hundred day moving average price of $41.99. 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 fifty-two week low of $32.73 and a fifty-two week high of $52.65. The stock has a market capitalization of $24.07 billion, a PE ratio of 63.74, a PEG ratio of 0.92 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. 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 business posted $0.74 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts expect that Smurfit Westrock PLC will post 2.31 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.4523 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 3.9%. Smurfit Westrock’s dividend payout ratio (DPR) is 251.39%.

Analyst Ratings Changes

SW has been the subject of a number of recent analyst reports. Truist Financial set a $50.00 target price on Smurfit Westrock in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Smurfit Westrock in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Wall Street Zen cut shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada cut their price objective on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, UBS Group reduced their price objective on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average target price of $53.33.

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.