Citizens National Bank Trust Department Invests $253,000 in Smurfit Westrock Ltd (NYSE:SW)

Citizens National Bank Trust Department purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,690 shares of the company's stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SW. AMF Tjanstepension AB purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $8,519,000. CWM LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at about $227,000. Exchange Traded Concepts LLC purchased a new stake in Smurfit Westrock during the third quarter worth about $83,000. Creative Planning acquired a new stake in shares of Smurfit Westrock during the third quarter worth about $824,000. Finally, OLD National Bancorp IN purchased a new position in shares of Smurfit Westrock in the third quarter valued at approximately $270,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Up 1.2 %

Shares of SW traded up $0.63 during mid-day trading on Monday, reaching $53.79. The company's stock had a trading volume of 1,989,525 shares, compared to its average volume of 3,311,839. The company's 50 day moving average is $53.60 and its 200 day moving average is $50.16. The stock has a market cap of $28.00 billion, a PE ratio of 98.01 and a beta of 1.02. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. Equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. Smurfit Westrock's payout ratio is 312.73%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SW shares. Truist Financial assumed coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price on the stock. Argus initiated coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Barclays boosted their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley increased their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.70.

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.