Rokos Capital Management LLP Purchases New Stake in Smurfit Westrock PLC $SW

Rokos Capital Management LLP acquired a new position in shares of Smurfit Westrock PLC (NYSE:SW) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $3,986,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Smurfit Westrock by 90.5% in the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after buying an additional 6,378 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of 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 acquiring an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Smurfit Westrock by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after acquiring an additional 2,698 shares during the period. NewEdge Advisors LLC raised its holdings 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 during the period. Finally, Woodline Partners LP boosted its position 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. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $50.06 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The firm has a market cap of $26.25 billion, a P/E ratio of 69.52, a P/E/G ratio of 0.81 and a beta of 0.95. The firm’s 50 day moving average price is $43.15 and its 200-day moving average price is $42.68. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65.

Smurfit Westrock (NYSE:SW) last posted its earnings results 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 analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. As a group, equities research analysts predict that Smurfit Westrock PLC will post 2.24 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 250.00%.

Wall Street Analysts Forecast Growth

SW has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock in a report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Smurfit Westrock from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Citigroup raised their target price on Smurfit Westrock from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $57.00 price target on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and an average target price of $54.83.

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.