86,660 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 86,660 shares of the company’s stock, valued at approximately $4,283,000.

Several other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $26,000. ORG Wealth Partners LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at $32,000. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock in the third quarter worth $35,000. Finally, Cromwell Holdings LLC acquired a new position in Smurfit Westrock in the third quarter worth $42,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SW has been the subject of a number of research analyst reports. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. JPMorgan Chase & Co. upped their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Wells Fargo & Company lowered their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, Citigroup assumed coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Smurfit Westrock Trading Up 0.2 %

Smurfit Westrock stock opened at $55.21 on Wednesday. The firm has a market cap of $28.72 billion, a price-to-earnings ratio of 306.74 and a beta of 1.04. The stock’s 50-day moving average is $49.80. 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 Ltd has a 1 year low of $38.55 and a 1 year high of $56.99.

Smurfit Westrock Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 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.