2,410 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Sentry Investment Management LLC

Sentry Investment Management LLC purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,410 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. bought a new position in Smurfit Westrock during the third quarter valued at about $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $32,000. Waldron Private Wealth LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $35,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $42,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $51.82 on Wednesday. The company has a 50 day moving average of $46.74. The firm has a market cap of $26.91 billion, a price-to-earnings ratio of 287.90 and a beta of 1.04. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $52.76. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a dividend of $0.3025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.34%. Smurfit Westrock’s payout ratio is 672.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upgraded Smurfit Westrock from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $52.00 to $58.00 in a report on Thursday, October 31st. Morgan Stanley began coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 target price for the company. Jefferies Financial Group restated a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Wells Fargo & Company lowered their price objective 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. Finally, JPMorgan Chase & Co. reduced their target price on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.43.

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.