53,762 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new stake in shares of 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. The institutional investor purchased 53,762 shares of the company's stock, valued at approximately $2,535,000.

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

Insider Buying and Selling

In related news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the sale, the insider now directly owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded down $0.92 during midday trading on Tuesday, reaching $53.43. The company had a trading volume of 3,202,058 shares, compared to its average volume of 4,972,968. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a market capitalization of $27.79 billion, a price-to-earnings ratio of 302.07 and a beta of 1.04. The company has a fifty day simple moving average of $50.23.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio is currently 672.26%.

Analyst Ratings Changes

SW has been the topic of a number of research analyst reports. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a "buy" rating and a $60.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Wells Fargo & Company lowered their price target on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. Citigroup initiated coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price target on the stock. Finally, Morgan Stanley raised their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently 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.