Janus Henderson Group PLC Invests $47.40 Million in Smurfit Westrock Ltd (NYSE:SW)

Janus Henderson Group PLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 945,572 shares of the company's stock, valued at approximately $47,395,000. Janus Henderson Group PLC owned approximately 0.18% of Smurfit Westrock as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In related news, insider Saverio Mayer sold 25,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Down 0.3 %

Shares of NYSE:SW traded down $0.17 during midday trading on Friday, reaching $54.60. 1,633,304 shares of the company traded hands, compared to its average volume of 5,011,994. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a market capitalization of $28.40 billion, a price-to-earnings ratio of 304.29 and a beta of 1.04. The business's fifty day moving average price is $50.04.

Smurfit Westrock Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's payout ratio is 672.26%.

Analysts Set New Price Targets

SW has been the subject of several recent analyst reports. Redburn Atlantic initiated coverage on Smurfit Westrock in a research note on Friday, August 23rd. They set a "buy" rating and a $60.00 target price for the company. JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Citigroup started coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and an average price target of $59.00.

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.