UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 500,828 shares of the company's stock, valued at approximately $24,751,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Smurfit Westrock as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SW. FMR LLC bought a new stake in shares of Smurfit Westrock in the third quarter worth about $431,653,000. Mizuho Securities USA LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at approximately $386,712,000. Charles Schwab Investment Management Inc. bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $151,212,000. Thompson Siegel & Walmsley LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $129,491,000. Finally, Citigroup Inc. bought a new position in Smurfit Westrock in the third quarter valued at approximately $77,207,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Trading Down 0.3 %

Shares of NYSE:SW traded down $0.17 during trading on Friday, hitting $54.60. 1,633,304 shares of the company were exchanged, compared to its average volume of 5,011,994. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The stock has a market capitalization of $28.40 billion, a PE ratio of 303.35 and a beta of 1.04. 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 firm has a fifty day simple moving average of $50.13.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is currently 672.26%.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the business'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 transaction of $1,371,000.00. Following the transaction, the insider now owns 149,911 shares of the company's stock, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

SW has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Argus initiated coverage on Smurfit Westrock in a report on Thursday. They issued a "buy" rating and a $62.00 price target on the stock. Redburn Atlantic began coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a "buy" rating and a $60.00 price objective for the company. Finally, Morgan Stanley boosted their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and six 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 $59.00.

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.