Park Avenue Securities LLC purchased a new stake in Smurfit Westrock Ltd (NYSE:SW – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 11,359 shares of the company’s stock, valued at approximately $561,000.
Other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB acquired a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $8,519,000. Czech National Bank bought a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $4,967,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Smurfit Westrock in the third quarter worth $843,000. 83.38% of the stock is currently owned by institutional investors.
Smurfit Westrock Price Performance
NYSE:SW opened at $45.62 on Friday. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 50.13 and a beta of 1.05. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $50.60. The business has a 50-day simple moving average of $45.06.
Smurfit Westrock Announces Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 18th. Shareholders of record on Thursday, August 15th were issued 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 payout ratio is presently 132.97%.
Analyst Upgrades and Downgrades
SW has been the subject of a number of research reports. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Wednesday, July 31st. Finally, Morgan Stanley assumed coverage on Smurfit Westrock in a report on Friday, July 19th. They set an “overweight” rating and a $60.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.50.
Get Our Latest Stock Analysis on Smurfit Westrock
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.
Featured Stories
- Five stocks we like better than Smurfit Westrock
- What is a SEC Filing?
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- Compound Interest and Why It Matters When Investing
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- How to Invest in Small Cap Stocks
- 4 Quirky ETFs With Big Potential for Impressive Gains
Want to see what other hedge funds are holding SW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smurfit Westrock Ltd (NYSE:SW – Free Report).
Receive News & Ratings for Smurfit Westrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smurfit Westrock and related companies with MarketBeat.com's FREE daily email newsletter.