Transform Wealth LLC Purchases New Shares in Smurfit Westrock Ltd (NYSE:SW)

Transform Wealth LLC acquired a new position in Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 28,812 shares of the company’s stock, valued at approximately $1,424,000.

A number of other institutional investors have also recently bought and sold shares of SW. Mather Group LLC. bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $25,000. CVA Family Office LLC bought a new stake in Smurfit Westrock during the third quarter worth about $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $32,000. Armstrong Advisory Group Inc. bought a new position in Smurfit Westrock in the 3rd quarter valued at about $45,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at approximately $83,000. Institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SW shares. Wells Fargo & Company reduced 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 report on Monday, October 7th. JPMorgan Chase & Co. lowered their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report 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 objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $52.00 target price on shares of Smurfit Westrock in a report on Wednesday, July 31st. Finally, Redburn Atlantic began coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.50.

Smurfit Westrock Stock Performance

NYSE SW traded up $0.13 during trading hours on Wednesday, reaching $44.57. The company’s stock had a trading volume of 2,076,383 shares, compared to its average volume of 5,597,926. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $50.60. The firm has a market capitalization of $23.15 billion, a PE ratio of 48.86 and a beta of 1.05. The company’s fifty day simple moving average is $45.32.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.69 earnings per share 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 the consensus estimate of $7.91 billion. Smurfit Westrock had a return on equity of 7.13% and a net margin of 1.36%. On average, sell-side analysts expect that Smurfit Westrock Ltd will post 2.58 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

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

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.