Thompson Siegel & Walmsley LLC Acquires New Stake in Smurfit Westrock Ltd (NYSE:SW)

Thompson Siegel & Walmsley LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, Holdings Channel.com reports. The firm bought 2,620,220 shares of the company’s stock, valued at approximately $129,491,000. Smurfit Westrock accounts for 1.9% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 3rd largest holding.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SW shares. Citigroup initiated coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Redburn Atlantic began coverage on Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, July 29th. Finally, Morgan Stanley upped their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two 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.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Trading Up 4.8 %

Shares of SW opened at $55.72 on Thursday. The stock has a market capitalization of $28.98 billion, a price-to-earnings ratio of 309.57 and a beta of 1.04. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $55.80. The company’s fifty day moving average is $48.25. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.17%. Smurfit Westrock’s payout ratio is presently 672.26%.

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.