Transamerica Financial Advisors Inc. Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Transamerica Financial Advisors Inc. acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,683 shares of the company’s stock, valued at approximately $84,000.

Several other institutional investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $33,540,000. FMR LLC purchased a new stake in Smurfit Westrock during the 3rd quarter worth $431,653,000. The Manufacturers Life Insurance Company purchased a new stake in Smurfit Westrock during the 3rd quarter worth $19,812,000. Bank of Montreal Can purchased a new stake in Smurfit Westrock during the 3rd quarter worth $20,342,000. Finally, Independent Advisor Alliance purchased a new stake in Smurfit Westrock during the 3rd quarter worth $301,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SW shares. Morgan Stanley upped their price target 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. Redburn Atlantic started coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. Citigroup started coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price target for the company. 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 report on Monday, October 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Price Performance

Shares of SW stock opened at $54.76 on Thursday. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 304.24 and a beta of 1.04. The business has a fifty day moving average price 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 12 month low of $38.55 and a 12 month high of $56.99.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. The ex-dividend date of this dividend 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.