Quantinno Capital Management LP purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,883 shares of the company's stock, valued at approximately $1,477,000.
Other hedge funds also recently bought and sold shares of the company. Private Management Group Inc. purchased a new stake in shares of Smurfit Westrock during the third quarter worth approximately $9,405,000. Intech Investment Management LLC acquired a new position in Smurfit Westrock during the 3rd quarter worth approximately $597,000. Moors & Cabot Inc. purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $520,000. Citigroup Inc. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $77,207,000. Finally, Catalytic Wealth RIA LLC purchased a new stake in shares of Smurfit Westrock during the 3rd quarter worth $520,000. Institutional investors and hedge funds own 83.38% of the company's stock.
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 stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company's stock.
Smurfit Westrock Trading Down 0.1 %
SW stock traded down $0.04 on Thursday, hitting $53.44. The company's stock had a trading volume of 4,059,983 shares, compared to its average volume of 4,942,856. The stock has a market capitalization of $27.80 billion, a PE ratio of 296.91 and a beta of 1.04. The firm's 50 day simple moving average is $50.57. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99.
Smurfit Westrock Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a $0.3025 dividend. 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 2.26%. Smurfit Westrock's payout ratio is 672.26%.
Analysts Set New Price Targets
SW has been the topic of several recent analyst reports. Citigroup began coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Redburn Atlantic began coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price target for the company. Morgan Stanley raised their price objective 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. Finally, Wells Fargo & Company reduced their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average target price of $60.00.
Read Our Latest Report on Smurfit Westrock
About Smurfit Westrock
(
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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