Smurfit Westrock PLC $SW Shares Acquired by Banque Cantonale Vaudoise

by · The Cerbat Gem

Banque Cantonale Vaudoise grew its stake in Smurfit Westrock PLC (NYSE:SW – Free Report) by 73.0% in the first quarter, Holdings Channel.com reports. The firm owned 42,154 shares of the company’s stock after acquiring an additional 17,794 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Smurfit Westrock were worth $1,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Research Global Investors lifted its position in Smurfit Westrock by 31.2% during the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock worth $1,397,057,000 after buying an additional 8,596,558 shares in the last quarter. State Street Corp boosted its position in shares of Smurfit Westrock by 3.6% during the 4th quarter. State Street Corp now owns 24,652,132 shares of the company’s stock valued at $953,311,000 after acquiring an additional 845,218 shares during the last quarter. Orbis Allan Gray Ltd grew its holdings in shares of Smurfit Westrock by 81.9% in the second 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 period. Geode Capital Management LLC grew its holdings in shares of Smurfit Westrock by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after purchasing an additional 155,778 shares during the period. Finally, Norges Bank acquired a new stake in Smurfit Westrock during the fourth quarter worth about $495,335,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock in a report on Tuesday. They set a “buy” rating and a $57.00 price target for the company. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada decreased their price objective on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Citigroup lowered their price objective on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

Read Our Latest Report on Smurfit Westrock

Smurfit Westrock Stock Up 0.5%

Shares of NYSE:SW opened at $47.05 on Friday. 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 firm has a market capitalization of $24.68 billion, a PE ratio of 65.35, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96. The firm’s 50-day moving average is $41.26 and its two-hundred day moving average is $41.67. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65.

Smurfit Westrock (NYSE:SW – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.71 billion during 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 company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. Analysts predict that Smurfit Westrock PLC will post 2.31 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $0.4523 per share. The ex-dividend date was Friday, May 15th. This represents a $1.81 dividend on an annualized basis and a yield of 3.8%. Smurfit Westrock’s dividend payout ratio is 250.00%.

Smurfit Westrock Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smurfit Westrock PLC (NYSE:SW – Free Report).