Rockefeller Capital Management L.P. Makes New $773,000 Investment in Smurfit Westrock Ltd (NYSE:SW)

Rockefeller Capital Management L.P. purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,641 shares of the company's stock, valued at approximately $773,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the third quarter worth about $25,000. CVA Family Office LLC purchased a new position in Smurfit Westrock during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new position in Smurfit Westrock during the 3rd quarter worth approximately $32,000. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock during the third quarter worth approximately $35,000. Finally, Cromwell Holdings LLC purchased a new stake in Smurfit Westrock in the third quarter valued at approximately $42,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of SW stock traded down $0.92 during trading hours on Tuesday, reaching $53.43. 3,202,058 shares of the company's stock were exchanged, compared to its average volume of 4,972,968. 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 simple moving average is $50.32. The firm has a market cap of $27.79 billion, a P/E ratio of 296.82 and a beta of 1.04. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99.

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 2.26%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is currently 672.26%.

Analysts Set New Price Targets

SW has been the topic of a number of research reports. 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 target price on the stock. Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a "buy" rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Redburn Atlantic assumed coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

Insiders Place Their Bets

In related news, insider Saverio Mayer sold 25,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

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.