GAMMA Investing LLC Takes Position in Smurfit Westrock Ltd (NYSE:SW)

GAMMA Investing LLC acquired a new position in Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,036 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new stake in Smurfit Westrock in the third quarter worth about $8,519,000. Czech National Bank bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $4,967,000. SG Americas Securities LLC purchased a new position in Smurfit Westrock during the third quarter valued at approximately $843,000. Finally, Park Avenue Securities LLC bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $561,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Wednesday, July 31st. 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 objective on the stock. Wells Fargo & Company cut their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Finally, Morgan Stanley started coverage on shares of Smurfit Westrock in a research note on Friday, July 19th. They set an “overweight” rating and a $60.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

Smurfit Westrock Trading Down 1.4 %

SW opened at $45.41 on Friday. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 38.16 and a beta of 1.05. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $50.60. The stock has a 50-day moving average of $45.06.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $7.91 billion. Analysts predict that Smurfit Westrock Ltd will post 2.58 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 18th. Investors of record on Thursday, August 15th were issued a $0.3025 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 2.5%. Smurfit Westrock’s payout ratio is currently 101.68%.

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.