Atom Investors LP Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Atom Investors LP purchased a new position in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 30,091 shares of the company’s stock, valued at approximately $1,487,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $431,653,000. Mizuho Securities USA LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $386,712,000. Charles Schwab Investment Management Inc. acquired a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $151,212,000. Thompson Siegel & Walmsley LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at $129,491,000. Finally, ARGA Investment Management LP acquired a new position in Smurfit Westrock during the 3rd quarter worth $92,072,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Up 0.2 %

Shares of SW opened at $55.11 on Tuesday. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The business has a 50-day moving average of $49.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The stock has a market cap of $28.67 billion, a PE ratio of 306.18 and a beta of 1.04.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

Wall Street Analyst Weigh In

SW has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Redburn Atlantic assumed coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Citigroup started coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. Finally, 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 note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.57.

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.