De Lisle Partners LLP Buys New Stake in Smurfit Westrock Ltd (NYSE:SW)

De Lisle Partners LLP purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $4,940,000.

Several other institutional investors have also bought and sold shares of SW. Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the 3rd quarter worth about $25,000. CVA Family Office LLC purchased a new stake in shares of Smurfit Westrock in the third quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth approximately $32,000. Waldron Private Wealth LLC purchased a new position in Smurfit Westrock during the 3rd quarter valued at $35,000. Finally, Cromwell Holdings LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at $42,000. Institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SW. Wells Fargo & Company decreased their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Citigroup assumed coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective on the stock. Redburn Atlantic started coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. Morgan Stanley lifted their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 target price 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 five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Trading Down 1.4 %

SW stock opened at $54.76 on Thursday. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The business’s 50-day simple moving average is $49.21. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 304.24 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.

Smurfit Westrock Announces Dividend

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

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.