Recurrent Investment Advisors LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 18,452 shares of the company's stock, valued at approximately $912,000.
Several other institutional investors have also bought and sold shares of SW. FMR LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth approximately $431,653,000. Mizuho Securities USA LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $386,712,000. Charles Schwab Investment Management Inc. bought a new position in Smurfit Westrock in the 3rd quarter valued at $151,212,000. Thompson Siegel & Walmsley LLC acquired a new position in Smurfit Westrock in the third quarter worth $129,491,000. Finally, ARGA Investment Management LP bought a new stake in Smurfit Westrock during the 3rd quarter worth about $92,072,000. Institutional investors and hedge funds own 83.38% of the company's stock.
Insider Transactions at Smurfit Westrock
In related news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SW. Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Argus assumed coverage on shares of Smurfit Westrock in a report on Thursday. They set a "buy" rating and a $62.00 target price on the stock. Morgan Stanley lifted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Redburn Atlantic initiated coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a "buy" rating and a $60.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.00.
Check Out Our Latest Stock Analysis on SW
Smurfit Westrock Trading Up 0.4 %
Shares of NYSE SW traded up $0.20 during mid-day trading on Thursday, hitting $54.77. The company had a trading volume of 2,428,572 shares, compared to its average volume of 5,043,868. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The company has a market cap of $28.49 billion, a P/E ratio of 304.28 and a beta of 1.04. 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 has a 50-day moving average price of $50.04.
Smurfit Westrock Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is 672.22%.
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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