HighTower Advisors LLC Purchases New Shares in Smurfit Westrock Ltd (NYSE:SW)

HighTower Advisors LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,687 shares of the company's stock, valued at approximately $2,010,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SW. Mather Group LLC. bought a new position in Smurfit Westrock during the 3rd quarter worth about $25,000. CVA Family Office LLC bought a new position in Smurfit Westrock during the 3rd quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Smurfit Westrock during the 3rd quarter worth about $32,000. Waldron Private Wealth LLC bought a new position in Smurfit Westrock during the 3rd quarter worth about $35,000. Finally, Cromwell Holdings LLC bought a new position in Smurfit Westrock during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares of the company's stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SW. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a "buy" rating and a $60.00 price target on the stock. Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a "buy" rating and a $62.00 target price on the stock. 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. Finally, Barclays increased their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Smurfit Westrock Trading Up 0.5 %

NYSE SW traded up $0.28 during trading on Friday, hitting $53.73. 2,440,098 shares of the company traded hands, compared to its average volume of 3,256,798. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The business's fifty day simple moving average is $50.71. The company has a market cap of $27.95 billion, a P/E ratio of 298.52 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.

Smurfit Westrock Dividend Announcement

The business also recently disclosed 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. This represents a $1.21 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 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.