Amalgamated Bank Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Amalgamated Bank purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 98,218 shares of the company's stock, valued at approximately $4,854,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mather Group LLC. bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $25,000. CVA Family Office LLC bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $32,000. Waldron Private Wealth LLC bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $35,000. Finally, Cromwell Holdings LLC bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $42,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Down 2.0 %

SW traded down $1.06 during trading on Friday, reaching $52.39. The stock had a trading volume of 3,590,553 shares, compared to its average volume of 5,341,323. The firm's 50 day simple moving average is $47.09. 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 company has a market capitalization of $27.21 billion, a P/E ratio of 291.07 and a beta of 1.04. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $54.32.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be issued a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.31%. Smurfit Westrock's dividend payout ratio (DPR) is 672.26%.

Analyst Ratings Changes

Several research firms recently weighed in on SW. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price objective on the stock. Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. reduced their price target on shares of 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 started coverage on shares of Smurfit Westrock in a research report on Friday, July 19th. They set an "overweight" rating and a $60.00 price target on the stock. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $52.00 price target on shares of Smurfit Westrock in a research report on Monday, July 29th. 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 stock currently has an average rating of "Moderate Buy" and an average price target of $57.43.

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.