5,315 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Harbor Advisors LLC

Harbor Advisors LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,315 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC purchased a new stake in Smurfit Westrock during the 3rd quarter valued at $2,010,000. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Smurfit Westrock during the third quarter valued at $13,073,000. Benjamin Edwards Inc. purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth about $373,000. Atom Investors LP purchased a new position in Smurfit Westrock in the 3rd quarter valued at approximately $1,487,000. Finally, ARGA Investment Management LP purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $92,072,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

NYSE:SW opened at $55.11 on Tuesday. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The firm has a market capitalization of $28.67 billion, a P/E ratio of 306.18 and a beta of 1.04. The firm has a 50-day moving average of $49.64. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be issued a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.20%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Analysts Set New Price Targets

Several research firms recently commented on SW. Wells Fargo & Company decreased their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. 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 note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Citigroup began coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.57.

About Smurfit Westrock

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.