51,900 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Werlinich Asset Management LLC

Werlinich Asset Management LLC acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 51,900 shares of the company’s stock, valued at approximately $2,565,000. Smurfit Westrock comprises 1.5% of Werlinich Asset Management LLC’s holdings, making the stock its 21st biggest holding.

Several other hedge funds have also added to or reduced their stakes in SW. AMF Tjanstepension AB bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $8,519,000. Kwmg LLC purchased a new stake in Smurfit Westrock during the 3rd quarter valued at $6,493,000. Czech National Bank bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth $4,967,000. Richard P Slaughter Associates Inc purchased a new position in shares of Smurfit Westrock in the third quarter worth $3,230,000. Finally, SG Americas Securities LLC bought a new position in shares of Smurfit Westrock during the third quarter valued at $843,000. 83.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on SW shares. JPMorgan Chase & Co. lowered their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $52.00 target price on shares of Smurfit Westrock in a report on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, July 29th. Wells Fargo & Company dropped their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Redburn Atlantic initiated coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

Smurfit Westrock Stock Down 0.7 %

SW opened at $46.43 on Tuesday. The stock has a 50 day simple moving average of $45.00. The company has a market capitalization of $11.93 billion, a P/E ratio of 39.02 and a beta of 1.05. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $50.60.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $7.91 billion. Smurfit Westrock had a return on equity of 7.13% and a net margin of 1.36%. As a group, research analysts expect that Smurfit Westrock Ltd will post 2.58 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 18th. Stockholders of record on Thursday, August 15th were given a dividend of $0.3025 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 2.5%. Smurfit Westrock’s payout ratio is currently 101.68%.

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.