Crossmark Global Holdings Inc. Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Crossmark Global Holdings Inc. purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,253 shares of the company's stock, valued at approximately $754,000.

A number of other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. bought a new position in Smurfit Westrock during the 3rd quarter worth approximately $25,000. CVA Family Office LLC purchased a new stake in shares of Smurfit Westrock during the third quarter valued at 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 purchased a new position in shares of Smurfit Westrock in the third quarter worth $35,000. Finally, Cromwell Holdings LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at $42,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on SW shares. JPMorgan Chase & Co. lowered their price target on Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, July 31st. Citigroup initiated coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 price target on the stock. Morgan Stanley lifted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday. Wells Fargo & Company lowered 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Smurfit Westrock Trading Up 3.2 %

NYSE:SW traded up $1.60 during midday trading on Friday, hitting $51.66. 3,028,239 shares of the company traded hands, compared to its average volume of 3,853,953. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 287.02 and a beta of 1.04. The firm has a fifty day moving average price of $47.63. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $54.32. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.34%. Smurfit Westrock's payout ratio is presently 672.26%.

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.