Nisa Investment Advisors LLC Invests $542,000 in Smurfit Westrock Ltd (NYSE:SW)

Nisa Investment Advisors LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,969 shares of the company's stock, valued at approximately $542,000.

Several other hedge funds have also recently bought and sold shares of SW. State of Alaska Department of Revenue bought a new stake in shares of Smurfit Westrock in the third quarter valued at about $2,832,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth approximately $4,562,000. Forsta AP Fonden acquired a new stake in shares of Smurfit Westrock during the third quarter worth approximately $5,476,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $1,648,000. Finally, Louisiana State Employees Retirement System bought a new stake in Smurfit Westrock in the 3rd quarter valued at $1,374,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SW has been the topic of several research reports. Citigroup initiated coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 price objective on the stock. Morgan Stanley assumed 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. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They set a "buy" rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group restated a "hold" rating and set a $52.00 price objective on shares of Smurfit Westrock in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average target price of $57.43.

Smurfit Westrock Price Performance

Smurfit Westrock stock traded up $1.39 during trading hours on Wednesday, hitting $53.21. The company had a trading volume of 4,681,614 shares, compared to its average volume of 5,388,925. The stock has a market capitalization of $27.64 billion, a price-to-earnings ratio of 287.90 and a beta of 1.04. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $54.15. The business's 50-day moving average is $46.74.

Smurfit Westrock Dividend Announcement

The business also recently declared 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 is Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.27%. Smurfit Westrock's dividend payout ratio is currently 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.