Metis Global Partners LLC Buys New Holdings in Smurfit Westrock Ltd (NYSE:SW)

Metis Global Partners LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 46,712 shares of the company’s stock, valued at approximately $2,309,000.

A number of other large investors have also recently bought and sold shares of the company. Private Management Group Inc. acquired a new position in Smurfit Westrock in the third quarter valued at approximately $9,405,000. Catalytic Wealth RIA LLC acquired a new position in Smurfit Westrock in the third quarter valued at approximately $520,000. M&G PLC acquired a new position in Smurfit Westrock in the third quarter valued at approximately $9,253,000. Nisa Investment Advisors LLC acquired a new position in Smurfit Westrock in the third quarter valued at approximately $542,000. Finally, Amalgamated Bank acquired a new position in Smurfit Westrock in the third quarter valued at approximately $4,854,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SW. Citigroup began coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. 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. Morgan Stanley upped their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company reduced their target price 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, Jefferies Financial Group reaffirmed a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Stock Up 3.2 %

Shares of NYSE:SW opened at $51.66 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average of $47.49. The stock has a market cap of $26.87 billion, a PE ratio of 287.00 and a beta of 1.04. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $54.32.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is presently 672.22%.

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.