8,625 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,625 shares of the company’s stock, valued at approximately $426,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $62,832,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Smurfit Westrock in the third quarter valued at approximately $51,430,000. Patten & Patten Inc. TN acquired a new position in Smurfit Westrock during the third quarter valued at approximately $49,538,000. Compagnie Lombard Odier SCmA purchased a new stake in Smurfit Westrock during the third quarter worth approximately $39,627,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Smurfit Westrock in the third quarter worth $29,716,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.5 %

Shares of NYSE 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. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The company’s 50 day simple moving average is $48.72. The firm has a market cap of $29.46 billion, a price-to-earnings ratio of 314.68 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid 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 dividend yield of 2.14%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Analyst Ratings Changes

SW has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. 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. Redburn Atlantic began coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.