Adams Natural Resources Fund Inc. Takes Position in Smurfit Westrock Ltd (NYSE:SW)

by · The Cerbat Gem

Adams Natural Resources Fund Inc. purchased a new stake in Smurfit Westrock Ltd (NYSE:SW – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,300 shares of the company’s stock, valued at approximately $2,041,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new stake in shares of Smurfit Westrock in the third quarter worth $8,519,000. Czech National Bank bought a new stake in shares of Smurfit Westrock in the third quarter worth $4,967,000. SG Americas Securities LLC bought a new stake in Smurfit Westrock during the third quarter worth $843,000. Park Avenue Securities LLC bought a new stake in Smurfit Westrock during the third quarter worth $561,000. Finally, GAMMA Investing LLC bought a new stake in Smurfit Westrock during the third quarter worth $249,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE:SW opened at $44.72 on Wednesday. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $50.60. The firm has a market capitalization of $23.22 billion, a P/E ratio of 49.14 and a beta of 1.05. The company has a fifty day moving average of $46.13.

Smurfit Westrock (NYSE:SW – Get Free Report) last released 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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $7.91 billion. On average, equities research analysts expect that Smurfit Westrock Ltd will post 2.6 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 dividend yield of 2.71%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 132.97%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SW. Wells Fargo & Company dropped their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Morgan Stanley began coverage on shares of Smurfit Westrock in a research report on Friday, July 19th. They set an “overweight” rating and a $60.00 price target on the stock. Redburn Atlantic assumed 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 on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a report on Wednesday, July 31st. Finally, Citigroup assumed coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.57.

Check Out Our Latest Report on SW

Smurfit Westrock Profile

(Free Report)

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.

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