Teachers Retirement System of The State of Kentucky Invests $1.01 Million in Smurfit Westrock Ltd (NYSE:SW)

Teachers Retirement System of The State of Kentucky bought a new position 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 bought 20,382 shares of the company's stock, valued at approximately $1,007,000.

A number of other institutional investors have also recently bought and sold shares of SW. Mather Group LLC. acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $25,000. CVA Family Office LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth $26,000. ORG Wealth Partners LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth $32,000. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock in the third quarter valued at $35,000. Finally, Cromwell Holdings LLC purchased a new stake in Smurfit Westrock during the third quarter valued at about $42,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the sale, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Trading Down 1.1 %

NYSE:SW traded down $0.56 during trading hours on Thursday, hitting $51.18. The stock had a trading volume of 3,318,839 shares, compared to its average volume of 4,894,329. The company has a market capitalization of $26.62 billion, a P/E ratio of 284.35 and a beta of 1.04. The firm has a 50 day simple moving average of $51.14. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Friday, November 15th. Smurfit Westrock's payout ratio is 672.22%.

Analyst Ratings Changes

A number of equities analysts have recently commented on SW shares. Royal Bank of Canada restated an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Wells Fargo & Company dropped their target price 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. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price target on the stock. Citigroup began coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 price objective for the company. Finally, Barclays raised their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

About Smurfit Westrock

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.