GSA Capital Partners LLP Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

GSA Capital Partners LLP bought a new stake in Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,345 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds have also recently made changes to their positions in the business. Mather Group LLC. bought a new position in Smurfit Westrock in the 3rd quarter valued at $25,000. CVA Family Office LLC bought a new position in Smurfit Westrock in the third quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new stake in Smurfit Westrock during the third quarter worth $32,000. Waldron Private Wealth LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at $35,000. Finally, Cromwell Holdings LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at $42,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of recent research reports. Redburn Atlantic assumed coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $52.00 price objective on shares of Smurfit Westrock in a research note on Monday, July 29th. Morgan Stanley raised their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. reduced their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, Citigroup assumed coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Smurfit Westrock Stock Performance

Shares of SW opened at $56.64 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average price is $48.72. The firm has a market cap of $29.46 billion, a PE ratio of 314.68 and a beta of 1.04. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.14%. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

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.