Boston Common Asset Management LLC Acquires 44,912 Shares of Smurfit Westrock Ltd (NYSE:SW)

Boston Common Asset Management LLC boosted its stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 13.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 373,970 shares of the company's stock after buying an additional 44,912 shares during the period. Boston Common Asset Management LLC owned approximately 0.07% of Smurfit Westrock worth $20,142,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Tompkins Financial Corp acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth $42,000. Gateway Investment Advisers LLC increased its holdings in Smurfit Westrock by 4.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 149,888 shares of the company's stock worth $8,073,000 after purchasing an additional 6,973 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Smurfit Westrock by 2.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company's stock valued at $764,000 after purchasing an additional 365 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Smurfit Westrock by 9.1% in the fourth quarter. Park Avenue Securities LLC now owns 12,394 shares of the company's stock valued at $668,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Smurfit Westrock during the fourth quarter worth about $1,075,000. Institutional investors own 83.38% of the company's stock.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Up 1.4 %

Shares of Smurfit Westrock stock traded up $0.73 during trading on Friday, hitting $52.95. 2,722,620 shares of the stock were exchanged, compared to its average volume of 2,869,365. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The firm has a market cap of $27.54 billion, a PE ratio of 294.20 and a beta of 1.03. The stock has a fifty day moving average of $53.56. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.26%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Wells Fargo & Company decreased their target price 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. Argus started coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price target on the stock. Finally, Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.56.

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.