8,585 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,585 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. purchased a new stake in Smurfit Westrock during the third quarter valued at about $62,832,000. Compagnie Lombard Odier SCmA acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $39,627,000. New York State Common Retirement Fund purchased a new position in Smurfit Westrock in the third quarter valued at approximately $22,299,000. Boston Common Asset Management LLC acquired a new position in Smurfit Westrock during the third quarter valued at approximately $16,262,000. Finally, New York State Teachers Retirement System purchased a new stake in Smurfit Westrock during the third quarter worth approximately $14,835,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a report on Monday, July 29th. Citigroup began coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price for the company. Wells Fargo & Company dropped 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 note on Monday, October 7th. Royal Bank of Canada raised shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $52.00 to $58.00 in a research report on Thursday. Finally, Redburn Atlantic began coverage on 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 five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.43.

Smurfit Westrock Stock Down 0.1 %

Shares of SW traded down $0.04 during midday trading on Friday, hitting $51.46. The company had a trading volume of 3,613,467 shares, compared to its average volume of 3,738,048. The company has a current ratio of 1.48, a quick ratio of 2.18 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $52.76. The firm has a 50 day moving average price of $46.53. The stock has a market cap of $26.73 billion, a PE ratio of 285.93 and a beta of 1.04.

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 firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $7.91 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. Equities analysts anticipate that Smurfit Westrock Ltd will post 2.6 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared 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. This represents a $1.21 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio 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.