Natixis Advisors LLC Invests $26.57 Million in Smurfit Westrock Ltd (NYSE:SW)

Natixis Advisors LLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 537,615 shares of the company's stock, valued at approximately $26,569,000. Natixis Advisors LLC owned approximately 0.10% of Smurfit Westrock as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SW. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $32,000. Waldron Private Wealth LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $35,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $42,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Down 1.1 %

Shares of NYSE SW traded down $0.60 during mid-day trading on Tuesday, hitting $52.84. 1,273,704 shares of the company were exchanged, compared to its average volume of 5,177,035. 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 business's 50 day moving average is $47.81. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $54.32. The company has a market capitalization of $27.49 billion, a price-to-earnings ratio of 296.96 and a beta of 1.04.

Smurfit Westrock Dividend Announcement

The firm also recently announced 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. This represents a $1.21 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is currently 672.26%.

Analyst Upgrades and Downgrades

SW has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a "buy" rating and a $60.00 price target for the company. Citigroup began coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.