Chicago Capital LLC Invests $350,000 in Smurfit Westrock Ltd (NYSE:SW)

Chicago Capital LLC bought a new position in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,075 shares of the company’s stock, valued at approximately $350,000.

Several other large investors have also recently made changes to their positions in SW. Vontobel Holding Ltd. bought a new stake in shares of Smurfit Westrock in the third quarter worth about $62,832,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Smurfit Westrock in the third quarter worth about $39,627,000. Boston Common Asset Management LLC bought a new stake in shares of Smurfit Westrock in the third quarter worth about $16,262,000. Swedbank AB bought a new stake in shares of Smurfit Westrock in the third quarter worth about $13,656,000. Finally, AMF Tjanstepension AB bought a new stake in shares of Smurfit Westrock in the third quarter worth about $8,519,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Up 2.1 %

Shares of NYSE:SW opened at $44.35 on Monday. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $50.60. The company’s 50 day simple moving average is $45.64. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 48.74 and a beta of 1.05.

Smurfit Westrock (NYSE:SW) last announced its earnings results 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). Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Analysts expect that Smurfit Westrock Ltd will post 2.6 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

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

Analyst Upgrades and Downgrades

SW has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Redburn Atlantic initiated coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research report on Monday, July 29th. JPMorgan Chase & Co. dropped their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Morgan Stanley initiated coverage on Smurfit Westrock in a research report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

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.