Janney Montgomery Scott LLC Invests $1.61 Million in Smurfit Westrock Ltd (NYSE:SW)

Janney Montgomery Scott LLC purchased a new position in Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 32,478 shares of the company’s stock, valued at approximately $1,605,000.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $32,000. Waldron Private Wealth LLC acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $42,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Up 0.7 %

Shares of SW opened at $51.00 on Thursday. The company has a market capitalization of $26.53 billion, a PE ratio of 282.24 and a beta of 1.04. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $54.32. The business’s 50-day simple moving average is $47.28.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.26%.

Analyst Upgrades and Downgrades

SW has been the subject of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Royal Bank of Canada upgraded shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $52.00 to $58.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective 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. Citigroup initiated coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average price target of $57.43.

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.