Sage Capital Advisors llc Buys Shares of 79,506 Smurfit Westrock Ltd (NYSE:SW)

Sage Capital Advisors llc purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 79,506 shares of the company’s stock, valued at approximately $3,929,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in Smurfit Westrock during the third quarter worth about $25,000. GAMMA Investing LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $249,000. Atomi Financial Group Inc. purchased a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $251,000. Marion Wealth Management purchased a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $460,000. Finally, Park Avenue Securities LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $561,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. reduced their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Wednesday, July 31st. Morgan Stanley began coverage on Smurfit Westrock in a report on Friday, July 19th. They set an “overweight” rating and a $60.00 price target on the stock. Finally, Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They set a “buy” rating and a $60.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.50.

Smurfit Westrock Stock Performance

SW stock opened at $46.12 on Wednesday. The stock has a market capitalization of $23.95 billion, a PE ratio of 38.76 and a beta of 1.05. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $50.60. The stock’s 50 day simple moving average is $44.99.

Smurfit Westrock (NYSE:SW) last posted 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). Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Research analysts predict that Smurfit Westrock Ltd will post 2.58 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently announced 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 was Thursday, August 15th. This represents a dividend yield of 2.5%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 101.68%.

Smurfit Westrock 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.