7,860 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new position in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, Holdings Channel reports. The firm purchased 7,860 shares of the company’s stock, valued at approximately $388,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SW. Mather Group LLC. acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $25,000. CVA Family Office LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at about $32,000. Armstrong Advisory Group Inc. bought a new position in shares of Smurfit Westrock in the third quarter worth about $45,000. Finally, Exchange Traded Concepts LLC acquired a new position in Smurfit Westrock during the 3rd quarter worth $83,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SW shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $52.00 price target on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Jefferies Financial Group reissued a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their price objective on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and an average target price of $56.50.

Smurfit Westrock Stock Down 0.3 %

Smurfit Westrock stock opened at $44.20 on Tuesday. The company has a 50-day moving average price of $45.75. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $50.60. The company has a market capitalization of $22.95 billion, a P/E ratio of 48.57 and a beta of 1.05.

Smurfit Westrock (NYSE:SW) last released its quarterly 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 return on equity of 7.13% and a net margin of 1.36%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $7.91 billion. On average, equities research analysts forecast that Smurfit Westrock Ltd will post 2.6 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 18th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.3025 per share. The ex-dividend date was Thursday, August 15th. This represents a yield of 2.5%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 132.97%.

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.