Ingalls & Snyder LLC Takes $246,000 Position in Smurfit Westrock Ltd (NYSE:SW)

Ingalls & Snyder LLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,968 shares of the company’s stock, valued at approximately $246,000.

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

Smurfit Westrock Stock Up 0.2 %

Shares of SW stock opened at $55.21 on Wednesday. The stock has a market capitalization of $28.72 billion, a PE ratio of 306.74 and a beta of 1.04. 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 fifty-two week low of $38.55 and a fifty-two week high of $56.99. The firm has a fifty day moving average price of $49.80.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s payout ratio is currently 672.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut 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. Morgan Stanley increased their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Finally, Citigroup began coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Smurfit Westrock has a consensus rating of “Moderate Buy” and a consensus price target of $58.57.

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.