Stifel Financial Corp Makes New $4.30 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

Stifel Financial Corp acquired a new stake in Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 86,929 shares of the company’s stock, valued at approximately $4,296,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new stake in Smurfit Westrock during the 3rd quarter worth approximately $8,519,000. Czech National Bank acquired a new position in shares of Smurfit Westrock in the third quarter worth $4,967,000. SG Americas Securities LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth $843,000. Park Avenue Securities LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $561,000. Finally, GAMMA Investing LLC purchased a new position in Smurfit Westrock in the third quarter valued at $249,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Shares of SW opened at $53.73 on Monday. 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 1-year low of $38.55 and a 1-year high of $56.99. The stock has a market capitalization of $27.95 billion, a PE ratio of 298.52 and a beta of 1.04. The company has a fifty day moving average of $50.71.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s payout ratio is currently 672.26%.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the sale, the insider now directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

SW has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Barclays raised their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. Citigroup initiated coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They set a “buy” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.