Cerity Partners LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Cerity Partners LLC purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 22,748 shares of the company's stock, valued at approximately $1,124,000.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in Smurfit Westrock in the 3rd quarter valued at about $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $32,000. Waldron Private Wealth LLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $35,000. Finally, Cromwell Holdings LLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $42,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by insiders.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded up $0.20 during mid-day trading on Thursday, hitting $54.77. The stock had a trading volume of 2,428,572 shares, compared to its average volume of 5,043,868. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $28.49 billion, a P/E ratio of 303.18 and a beta of 1.04. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The firm's 50 day simple moving average is $49.93.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given 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 2.21%. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.26%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Redburn Atlantic initiated coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price objective for the company. Wells Fargo & Company reduced 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 report on Monday, October 7th. Finally, Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday. They set a "buy" rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus target price of $59.00.

Smurfit Westrock 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.