Thompson Siegel & Walmsley LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Thompson Siegel & Walmsley LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,620,220 shares of the company’s stock, valued at approximately $129,491,000. Smurfit Westrock comprises approximately 1.9% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 3rd largest position. Thompson Siegel & Walmsley LLC owned about 0.50% of Smurfit Westrock at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SW. Mather Group LLC. acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth $32,000. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock in the 3rd quarter worth about $35,000. Finally, Cromwell Holdings LLC bought a new position in Smurfit Westrock in the third quarter valued at about $42,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 4.8 %

Smurfit Westrock stock opened at $55.72 on Thursday. 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 market cap of $28.98 billion, a P/E ratio of 309.57 and a beta of 1.04. The company’s fifty day moving average is $48.25. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $55.80.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.17%. Smurfit Westrock’s dividend payout ratio is 672.26%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SW shares. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Redburn Atlantic began coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Morgan Stanley raised their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. reduced their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently 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.