Stifel Financial Corp Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Stifel Financial Corp acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 86,929 shares of the company's stock, valued at approximately $4,296,000.

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

Smurfit Westrock Stock Up 1.8 %

NYSE SW traded up $0.97 on Monday, reaching $54.70. 4,670,439 shares of the stock traded hands, compared to its average volume of 4,918,294. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a market capitalization of $28.45 billion, a P/E ratio of 298.52 and a beta of 1.04. The stock's fifty day moving average price is $50.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio is presently 672.26%.

Insider Activity

In other news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

SW has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Redburn Atlantic initiated coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a "buy" rating and a $60.00 price target on the stock. Argus began coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a "buy" rating and a $62.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Smurfit Westrock Company 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.