626 Financial LLC Buys New Stake in Smurfit Westrock Ltd (NYSE:SW)

626 Financial LLC acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,977 shares of the company’s stock, valued at approximately $938,000.

A number of other institutional investors have also modified their holdings of SW. Diversified Trust Co acquired a new stake in Smurfit Westrock during the third quarter valued at $670,000. Czech National Bank acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $4,967,000. Clarius Group LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $218,000. AMF Tjanstepension AB acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $8,519,000. Finally, Fruth Investment Management purchased a new position in shares of Smurfit Westrock during the 3rd quarter valued at approximately $2,183,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SW shares. JPMorgan Chase & Co. decreased their price objective 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 started coverage on Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price objective on the stock. Jefferies Financial Group reissued a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Finally, Redburn Atlantic started coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Smurfit Westrock Price Performance

Shares of SW opened at $44.46 on Wednesday. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $50.60. The stock has a market capitalization of $23.09 billion, a price-to-earnings ratio of 48.86 and a beta of 1.05. The firm has a 50-day moving average price of $45.32.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. As a group, equities analysts anticipate that Smurfit Westrock Ltd will post 2.58 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 18th. Stockholders of record on Thursday, August 15th were paid a $0.3025 dividend. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 132.97%.

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.