UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $24.75 Million Position in Smurfit Westrock Ltd (NYSE:SW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 500,828 shares of the company’s stock, valued at approximately $24,751,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Smurfit Westrock at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Management Group Inc. acquired a new position in shares of Smurfit Westrock in the third quarter worth approximately $9,405,000. Intech Investment Management LLC bought a new stake in Smurfit Westrock during the third quarter valued at $597,000. Moors & Cabot Inc. acquired a new stake in Smurfit Westrock during the third quarter worth approximately $520,000. Citigroup Inc. acquired a new position in shares of Smurfit Westrock during the 3rd quarter valued at $77,207,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of Smurfit Westrock during the third quarter valued at about $520,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.4 %

SW stock opened at $54.77 on Friday. The firm’s 50-day moving average is $50.04. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The stock has a market cap of $28.49 billion, a price-to-earnings ratio of 304.28 and a beta of 1.04. 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 Announces Dividend

The company 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 dividend of $0.3025 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.21%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Argus began coverage on shares of Smurfit Westrock in a research report on Thursday. They set a “buy” rating and a $62.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Morgan Stanley increased their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. 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 report on Monday, October 7th. Finally, Redburn Atlantic started coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.00.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Company 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.