Stephens Inc. AR Invests $268,000 in Smurfit Westrock Ltd (NYSE:SW)

Stephens Inc. AR acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,417 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock during the third quarter worth $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in Smurfit Westrock during the third quarter valued at $32,000. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock during the third quarter valued at $35,000. Finally, Cromwell Holdings LLC acquired a new position in Smurfit Westrock during the third quarter valued at $42,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $52.00 to $58.00 in a research report on Thursday, October 31st. Jefferies Financial Group restated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Citigroup assumed coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Finally, Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average price target of $57.43.

Smurfit Westrock Stock Performance

SW opened at $53.45 on Friday. 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 quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $46.99. The stock has a market capitalization of $27.76 billion, a PE ratio of 296.94 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.3025 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.26%. Smurfit Westrock’s dividend payout ratio is currently 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.