Transamerica Financial Advisors Inc. Acquires Shares of 1,683 Smurfit Westrock Ltd (NYSE:SW)

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

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Morgan Stanley lifted their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company cut their price objective on 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. Redburn Atlantic assumed coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock currently has a consensus 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 cap of $28.48 billion, a PE ratio of 304.24 and a beta of 1.04. 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. The stock has a 50 day moving average price of $49.21.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 annualized dividend and a yield of 2.21%. Smurfit Westrock’s payout ratio is currently 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.