Private Management Group Inc. Invests $9.41 Million in Smurfit Westrock Ltd (NYSE:SW)

Private Management Group Inc. acquired a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 190,302 shares of the company's stock, valued at approximately $9,405,000.

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

Smurfit Westrock Stock Down 0.1 %

Shares of Smurfit Westrock stock traded down $0.04 on Friday, hitting $51.46. The stock had a trading volume of 3,613,467 shares, compared to its average volume of 3,738,048. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.18 and a current ratio of 1.48. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $52.76. The firm has a market cap of $26.73 billion, a PE ratio of 285.93 and a beta of 1.04. The firm has a 50-day moving average of $46.53.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06). The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $7.91 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. As a group, equities analysts predict that Smurfit Westrock Ltd will post 2.6 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business 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. This represents a $1.21 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio is presently 672.26%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SW shares. Royal Bank of Canada upgraded shares of Smurfit Westrock from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $52.00 to $58.00 in a research note on Thursday. Jefferies Financial Group restated a "hold" rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. 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 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Finally, Citigroup assumed coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and an average price target of $57.43.

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.