Kimelman & Baird LLC acquired a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,340 shares of the company's stock, valued at approximately $511,000.
Other large investors have also made changes to their positions in the company. AMF Tjanstepension AB acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth about $8,519,000. Czech National Bank purchased a new stake in Smurfit Westrock during the 3rd quarter worth approximately $4,967,000. SG Americas Securities LLC acquired a new position in shares of Smurfit Westrock during the third quarter valued at approximately $843,000. Park Avenue Securities LLC purchased a new position in shares of Smurfit Westrock in the third quarter valued at approximately $561,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Smurfit Westrock in the third quarter worth approximately $249,000. 83.38% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Smurfit Westrock
In other news, insider Saverio Mayer sold 25,000 shares of the business's 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 sale, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company's stock.
Smurfit Westrock Price Performance
Shares of SW stock traded down $0.16 during trading on Friday, hitting $54.61. 1,633,315 shares of the stock traded hands, compared to its average volume of 3,410,253. The company has a market capitalization of $28.41 billion, a price-to-earnings ratio of 303.41 and a beta of 1.04. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. 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 firm's fifty day moving average price is $50.13.
Smurfit Westrock Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.26%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Argus initiated coverage on Smurfit Westrock in a report on Thursday. They issued a "buy" rating and a $62.00 price objective 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 reaffirmed an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Finally, Morgan Stanley upped 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 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.00.
Read Our Latest Stock Report on SW
About Smurfit Westrock
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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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