Robeco Institutional Asset Management B.V. Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Robeco Institutional Asset Management B.V. purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 128,160 shares of the company's stock, valued at approximately $6,334,000.

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

Smurfit Westrock Trading Down 2.5 %

Shares of Smurfit Westrock stock traded down $1.32 during trading on Friday, reaching $52.13. The company's stock had a trading volume of 2,141,560 shares, compared to its average volume of 5,324,857. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $54.32. 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 stock has a 50-day moving average price of $46.99. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 296.96 and a beta of 1.04.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a $0.3025 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.31%. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.26%.

Analyst Ratings Changes

SW has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Jefferies Financial Group reissued a "hold" rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, July 29th. Morgan Stanley began coverage on Smurfit Westrock in a research report on Friday, July 19th. They set an "overweight" rating and a $60.00 price target for the company. Redburn Atlantic began coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a "buy" rating and a $60.00 target price on the stock. Finally, Citigroup initiated coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They set a "buy" rating and a $57.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.