34,372 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Kentucky Retirement Systems

Kentucky Retirement Systems purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,372 shares of the company’s stock, valued at approximately $1,699,000.

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

Smurfit Westrock Trading Up 3.5 %

NYSE SW opened at $53.45 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $54.32. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 296.96 and a beta of 1.04. The firm has a 50-day moving average of $47.63.

Smurfit Westrock Announces Dividend

The company also recently declared 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. This represents a $1.21 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Redburn Atlantic assumed coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley raised their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Jefferies Financial Group reissued a “hold” rating and set a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th. Finally, Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

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.