De Lisle Partners LLP Makes New $4.94 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

De Lisle Partners LLP acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $4,940,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Citigroup started coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Wells Fargo & Company cut their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Smurfit Westrock Stock Performance

SW stock opened at $54.76 on Thursday. The stock has a market capitalization of $28.48 billion, a P/E ratio of 304.24 and a beta of 1.04. The stock has a fifty day moving average of $49.21. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a $0.3025 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.21%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

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.