Glenmede Trust Co. NA Invests $1.54 Million in Smurfit Westrock Ltd (NYSE:SW)

Glenmede Trust Co. NA bought a new stake in Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,104 shares of the company’s stock, valued at approximately $1,537,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $25,000. CVA Family Office LLC purchased a new stake in Smurfit Westrock in the third quarter valued at about $26,000. ORG Wealth Partners LLC purchased a new stake in Smurfit Westrock in the third quarter valued at about $32,000. Waldron Private Wealth LLC acquired a new stake in Smurfit Westrock in the third quarter worth about $35,000. Finally, Cromwell Holdings LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $42,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Performance

Shares of SW opened at $55.02 on Monday. The stock’s 50-day moving average is $49.48. The firm has a market cap of $28.62 billion, a P/E ratio of 305.67 and a beta of 1.04. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Analysts Set New Price Targets

A number of research firms recently commented on SW. Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Redburn Atlantic started coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price on the stock. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.57.

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.