Lowe Brockenbrough & Co. Inc. Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Lowe Brockenbrough & Co. Inc. purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 34,449 shares of the company’s stock, valued at approximately $1,702,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB acquired a new position in Smurfit Westrock in the 3rd quarter valued at $8,519,000. Czech National Bank acquired a new position in shares of Smurfit Westrock during the third quarter worth about $4,967,000. SG Americas Securities LLC purchased a new position in Smurfit Westrock during the third quarter worth about $843,000. Park Avenue Securities LLC purchased a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $561,000. Finally, GAMMA Investing LLC acquired a new position in Smurfit Westrock during the 3rd quarter worth approximately $249,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Down 0.1 %

Shares of NYSE SW opened at $51.46 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.18 and a current ratio of 1.48. The company has a 50-day simple moving average of $46.53. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $52.76. The firm has a market cap of $26.73 billion, a PE ratio of 285.89 and a beta of 1.04.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a $0.3025 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.35%. Smurfit Westrock’s dividend payout ratio is presently 672.22%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup started coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Morgan Stanley began coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They set an “overweight” rating and a $60.00 price objective on the stock. Finally, Redburn Atlantic started coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.43.

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.