Atomi Financial Group Inc. Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Atomi Financial Group Inc. acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 5,070 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds also recently made changes to their positions in SW. Mather Group LLC. purchased a new stake in Smurfit Westrock in the 3rd quarter worth $25,000. GAMMA Investing LLC purchased a new position in shares of Smurfit Westrock in the third quarter valued at about $249,000. Marion Wealth Management bought a new position in shares of Smurfit Westrock in the third quarter worth about $460,000. Park Avenue Securities LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $561,000. Finally, Diversified Trust Co bought a new stake in Smurfit Westrock during the 3rd quarter valued at approximately $670,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Price Performance

Shares of SW opened at $45.60 on Monday. The company has a market capitalization of $23.68 billion, a PE ratio of 50.11 and a beta of 1.05. The stock has a fifty day simple moving average of $45.13. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $50.60.

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

Smurfit Westrock Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Jefferies Financial Group restated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Morgan Stanley initiated coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $52.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

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.