Janney Montgomery Scott LLC Purchases New Holdings in Smurfit Westrock Ltd (NYSE:SW)

Janney Montgomery Scott LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, Holdings Channel reports. The firm bought 32,478 shares of the company’s stock, valued at approximately $1,605,000.

A number of other institutional investors have also recently bought and sold shares of SW. Private Management Group Inc. bought a new position in shares of Smurfit Westrock during the third quarter worth $9,405,000. Nisa Investment Advisors LLC bought a new position in shares of Smurfit Westrock during the third quarter worth $542,000. Lowe Brockenbrough & Co. Inc. bought a new position in shares of Smurfit Westrock during the third quarter worth $1,702,000. US Bancorp DE bought a new position in shares of Smurfit Westrock during the third quarter worth $791,000. Finally, Forsta AP Fonden bought a new position in shares of Smurfit Westrock during the third quarter worth $5,476,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

SW has been the topic of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a research report on Monday, July 29th. Morgan Stanley started coverage on shares of Smurfit Westrock in a research report on Friday, July 19th. They set an “overweight” rating and a $60.00 price target on the stock. Citigroup started coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price target 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 on the stock in a research report on Monday, October 7th. Finally, Redburn Atlantic began coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.43.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $51.00 on Thursday. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $54.32. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of 282.24 and a beta of 1.04. The business’s 50-day moving average price is $47.28. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.37%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 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.