Harbor Advisors LLC Invests $263,000 in Smurfit Westrock Ltd (NYSE:SW)

Harbor Advisors LLC purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,315 shares of the company’s stock, valued at approximately $263,000.

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

Analyst Ratings Changes

Several equities analysts have recently commented on SW shares. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company decreased their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Redburn Atlantic initiated coverage on Smurfit Westrock in a research note on Friday, August 23rd. They set a “buy” rating and a $60.00 target price for the company. Finally, Morgan Stanley increased 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.57.

Smurfit Westrock Stock Up 0.2 %

NYSE:SW opened at $55.11 on Tuesday. 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 Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The stock has a market capitalization of $28.67 billion, a PE ratio of 306.18 and a beta of 1.04. The firm’s 50 day moving average price is $49.64.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a $0.3025 dividend. 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%.

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.