Y Intercept Hong Kong Ltd Takes Position in Smurfit Westrock Ltd (NYSE:SW)

Y Intercept Hong Kong Ltd purchased a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 18,406 shares of the company's stock, valued at approximately $910,000.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SW shares. Morgan Stanley increased their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a "buy" rating and a $60.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Finally, Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Smurfit Westrock presently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Smurfit Westrock Stock Performance

SW stock traded up $0.27 during midday trading on Friday, hitting $53.73. 2,440,098 shares of the company's stock were exchanged, compared to its average volume of 4,920,510. Smurfit Westrock Ltd has a one year low of $38.55 and a one 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. The company has a market cap of $27.95 billion, a P/E ratio of 298.52 and a beta of 1.04. The stock's fifty day moving average is $50.57.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 2.25%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio is 672.26%.

Insider Transactions at Smurfit Westrock

In related 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 value of $1,371,000.00. Following the sale, the insider now owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

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.