Kentucky Retirement Systems Insurance Trust Fund Makes New $722,000 Investment in Smurfit Westrock Ltd (NYSE:SW)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 14,608 shares of the company’s stock, valued at approximately $722,000.

A number of other hedge funds have also made changes to their positions in the stock. Mather Group LLC. acquired a new position in Smurfit Westrock during the 3rd quarter worth $25,000. CVA Family Office LLC bought a new position in shares of Smurfit Westrock in the third quarter worth about $26,000. ORG Wealth Partners LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth about $32,000. Waldron Private Wealth LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SW shares. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a research report on Monday, July 29th. Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday. Citigroup assumed coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price for the company. Finally, Morgan Stanley boosted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Stock Up 3.5 %

NYSE:SW opened at $53.45 on Tuesday. The firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of 296.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $54.32. The business has a 50-day simple moving average of $47.63.

Smurfit Westrock Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.26%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

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.