34,372 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 34,372 shares of the company’s stock, valued at approximately $1,699,000.

Several other hedge funds also recently modified their holdings of SW. Private Management Group Inc. acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $9,405,000. Catalytic Wealth RIA LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $520,000. M&G PLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth $9,253,000. Nisa Investment Advisors LLC acquired a new position in Smurfit Westrock during the third quarter worth $542,000. Finally, Amalgamated Bank bought a new position in shares of Smurfit Westrock in the 3rd quarter valued at approximately $4,854,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on SW shares. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday. Jefferies Financial Group restated a “hold” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased 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. Morgan Stanley boosted 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, Redburn Atlantic initiated coverage on shares of Smurfit Westrock in a 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 issued a buy rating to the stock. According to data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Smurfit Westrock Trading Up 3.5 %

Shares of NYSE SW opened at $53.45 on Tuesday. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 296.96 and a beta of 1.04. The business’s 50 day moving average price is $47.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $54.32.

Smurfit Westrock Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is 672.26%.

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.