Radnor Capital Management LLC Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Radnor Capital Management LLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,635 shares of the company's stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB acquired a new stake in Smurfit Westrock during the 3rd quarter worth $8,519,000. Czech National Bank acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $4,967,000. SG Americas Securities LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth approximately $843,000. Park Avenue Securities LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $561,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $249,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Trading Down 2.0 %

Smurfit Westrock stock traded down $1.06 during trading on Friday, hitting $52.39. The company had a trading volume of 3,590,553 shares, compared to its average volume of 5,341,323. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $47.09. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $54.32. The stock has a market cap of $27.21 billion, a PE ratio of 291.07 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 dividend yield of 2.31%. Smurfit Westrock's dividend payout ratio is presently 672.26%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SW. Royal Bank of Canada raised Smurfit Westrock from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $52.00 to $58.00 in a research note on Thursday, October 31st. Jefferies Financial Group reissued a "hold" rating and issued a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th. Wells Fargo & Company reduced their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. dropped their price target 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, Citigroup began coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.43.

Smurfit Westrock Profile

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.