1,192 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Assetmark Inc.

Assetmark Inc. bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,192 shares of the company’s stock, valued at approximately $59,000.

Several other hedge funds have also modified their holdings of the stock. Private Management Group Inc. acquired a new stake in shares of Smurfit Westrock in the third quarter worth $9,405,000. M&G PLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth about $9,253,000. Nisa Investment Advisors LLC purchased a new position in Smurfit Westrock during the 3rd quarter valued at about $542,000. Amalgamated Bank acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $4,854,000. Finally, National Pension Service purchased a new stake in shares of Smurfit Westrock in the third quarter worth approximately $3,984,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SW has been the topic of several research reports. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective on the stock. Citigroup began coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday. Morgan Stanley upped their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Stock Up 3.5 %

Shares of SW stock opened at $53.45 on Tuesday. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $54.32. The firm has a market capitalization of $27.80 billion, a P/E ratio of 290.35 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The company’s 50 day moving average is $47.63.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a dividend of $0.3025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.26%. Smurfit Westrock’s payout ratio is 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.