Jade Capital Advisors LLC Takes $3.21 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Jade Capital Advisors LLC bought a new position in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 65,000 shares of the company’s stock, valued at approximately $3,212,000. Smurfit Westrock accounts for approximately 2.0% of Jade Capital Advisors LLC’s holdings, making the stock its 14th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in Smurfit Westrock in the third quarter worth $25,000. CVA Family Office LLC bought a new position in shares of Smurfit Westrock in the third quarter worth $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock in the third quarter worth $32,000. Armstrong Advisory Group Inc. bought a new position in shares of Smurfit Westrock in the third quarter worth $45,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Smurfit Westrock in the third quarter worth $83,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

NYSE:SW opened at $44.20 on Tuesday. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $50.60. The firm has a market cap of $22.95 billion, a price-to-earnings ratio of 48.57 and a beta of 1.05. The company has a fifty day moving average of $45.75.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Smurfit Westrock had a return on equity of 7.13% and a net margin of 1.36%. On average, analysts anticipate that Smurfit Westrock Ltd will post 2.6 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 18th. Investors of record on Thursday, August 15th were paid a $0.3025 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 15th. Smurfit Westrock’s payout ratio is 132.97%.

Analyst Ratings Changes

SW has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Morgan Stanley initiated coverage on Smurfit Westrock in a research note on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target for the company. Wells Fargo & Company decreased their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

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.