National Bank of Canada FI Invests $537,000 in Smurfit Westrock Ltd (NYSE:SW)

National Bank of Canada FI acquired a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,873 shares of the company's stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SW. Mather Group LLC. bought a new position in Smurfit Westrock during the 3rd quarter valued at about $25,000. CVA Family Office LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new position in Smurfit Westrock during the 3rd quarter valued at $32,000. Waldron Private Wealth LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at $35,000. Finally, Cromwell Holdings LLC purchased a new stake in Smurfit Westrock in the third quarter worth $42,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Price Performance

NYSE SW traded up $0.97 on Monday, hitting $54.70. The company had a trading volume of 4,670,439 shares, compared to its average volume of 4,918,294. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The company's fifty day moving average price is $50.71. The stock has a market capitalization of $28.45 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.21%. Smurfit Westrock's payout ratio is currently 672.26%.

Analysts Set New Price Targets

Several research analysts have issued reports on SW shares. Morgan Stanley increased their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Redburn Atlantic initiated coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They set a "buy" rating and a $60.00 price objective on the stock. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, October 7th. Argus started coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a "buy" rating and a $62.00 price target on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.00.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the business's stock in a transaction dated 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 directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company's stock.

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.