Y Intercept Hong Kong Ltd Invests $6.41 Million in Smurfit Westrock PLC $SW

Y Intercept Hong Kong Ltd purchased a new position in shares of Smurfit Westrock PLC (NYSE:SW) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 160,845 shares of the company’s stock, valued at approximately $6,410,000.

Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC grew its holdings in Smurfit Westrock by 79,790.6% during the fourth quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock valued at $5,459,000 after purchasing an additional 127,665 shares during the period. BIP Wealth LLC bought a new position in shares of Smurfit Westrock in the fourth quarter worth about $2,412,000. Barclays PLC raised its stake in shares of Smurfit Westrock by 152.2% in the third quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock worth $224,333,000 after buying an additional 3,180,531 shares during the period. Distillate Capital Partners LLC purchased a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $15,001,000. Finally, AE Wealth Management LLC lifted its position in shares of Smurfit Westrock by 9.1% during the 4th quarter. AE Wealth Management LLC now owns 369,652 shares of the company’s stock valued at $14,294,000 after buying an additional 30,804 shares in the last quarter. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $45.89 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The business has a 50-day moving average price of $41.72 and a 200-day moving average price of $41.99. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95.

Smurfit Westrock (NYSE:SW) last issued its 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 for the quarter, compared to the consensus estimate of $7.57 billion. During the same period last year, the business posted $0.74 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Smurfit Westrock PLC will post 2.31 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed 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. This represents a $1.81 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 251.39%.

Wall Street Analyst Weigh In

SW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Smurfit Westrock in a report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 target price for the company. The Goldman Sachs Group began coverage on shares of Smurfit Westrock in a report on Tuesday, March 24th. They set a “buy” rating and a $49.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Citigroup reduced their price objective on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Barclays decreased their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus target price of $53.33.

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.