National Pension Service Acquires Shares of 80,612 Smurfit Westrock Ltd (NYSE:SW)

National Pension Service acquired a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 80,612 shares of the company's stock, valued at approximately $3,984,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mather Group LLC. bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $25,000. CVA Family Office LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $26,000. ORG Wealth Partners LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $32,000. Waldron Private Wealth LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $35,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $42,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an "overweight" rating and a $60.00 target price for the company. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. reduced their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. Jefferies Financial Group restated a "hold" rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Finally, 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $57.43.

Smurfit Westrock Price Performance

NYSE:SW traded down $1.06 during trading hours on Friday, hitting $52.39. 3,590,553 shares of the company were exchanged, compared to its average volume of 5,341,323. The stock has a market cap of $27.21 billion, a PE ratio of 296.96 and a beta of 1.04. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week 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. The company's 50 day moving average is $46.99.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 2.31%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend 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.