8,075 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Empirical Finance LLC

Empirical Finance LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,075 shares of the company’s stock, valued at approximately $399,000.

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

Wall Street Analyst Weigh In

SW has been the topic of several recent research reports. Wells Fargo & Company cut their target price 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. Morgan Stanley boosted their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Smurfit Westrock Trading Up 2.6 %

Shares of SW opened at $51.66 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average price is $47.63. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $54.32. The company has a market capitalization of $26.87 billion, a PE ratio of 287.02 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 annualized dividend and a dividend yield of 2.34%. Smurfit Westrock’s payout ratio is 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.