Crossmark Global Holdings Inc. Takes $754,000 Position in Smurfit Westrock Ltd (NYSE:SW)

Crossmark Global Holdings Inc. purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, Holdings Channel reports. The fund purchased 15,253 shares of the company’s stock, valued at approximately $754,000.

Several other large investors have also made changes to their positions in the company. Vontobel Holding Ltd. bought a new position in Smurfit Westrock in the third quarter valued at approximately $62,832,000. Compagnie Lombard Odier SCmA bought a new position in shares of Smurfit Westrock in the 3rd quarter worth $39,627,000. Principal Financial Group Inc. bought a new position in shares of Smurfit Westrock in the 3rd quarter worth $29,716,000. New York State Common Retirement Fund acquired a new stake in shares of Smurfit Westrock during the third quarter worth $22,299,000. Finally, Boston Common Asset Management LLC bought a new stake in Smurfit Westrock in the third quarter valued at about $16,262,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $51.66 on Friday. The company has a market cap of $26.87 billion, a PE ratio of 284.17 and a beta of 1.04. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $54.32. The company has a 50 day moving average price of $47.49. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.22%.

Analyst Upgrades and Downgrades

SW has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 target price on shares of Smurfit Westrock in a report on Monday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. 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, Citigroup started coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.