Atria Investments Inc Purchases New Shares in Smurfit Westrock Ltd (NYSE:SW)

Atria Investments Inc purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,335 shares of the company’s stock, valued at approximately $362,000.

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

Smurfit Westrock Stock Performance

NYSE:SW opened at $56.24 on Friday. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The company has a market cap of $29.25 billion, a P/E ratio of 309.57 and a beta of 1.04. The stock’s 50-day moving average is $48.25.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.3025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.15%. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SW. Morgan Stanley increased their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Jefferies Financial Group restated a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. Finally, Wells Fargo & Company cut their price target 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

About Smurfit Westrock

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.