KBC Group NV Buys New Position in Smurfit Westrock Ltd (NYSE:SW)

KBC Group NV purchased a new position in Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 196,739 shares of the company’s stock, valued at approximately $9,723,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth about $8,281,000. Victory Capital Management Inc. purchased a new stake in Smurfit Westrock in the third quarter worth approximately $5,955,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Smurfit Westrock during the third quarter valued at approximately $51,430,000. GSA Capital Partners LLP purchased a new position in shares of Smurfit Westrock during the third quarter worth approximately $215,000. Finally, Access Investment Management LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $16,179,000. Institutional investors own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

SW has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Wells Fargo & Company lowered 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. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday. Morgan Stanley boosted their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a 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’s stock. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Smurfit Westrock Stock Performance

Shares of SW stock 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. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $54.32. The company has a market cap of $26.87 billion, a price-to-earnings ratio of 287.02 and a beta of 1.04. The stock has a 50 day simple moving average of $47.63.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) 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.