Captrust Financial Advisors Invests $254,000 in Smurfit Westrock Ltd (NYSE:SW)

Captrust Financial Advisors bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, HoldingsChannel reports. The institutional investor bought 5,131 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SW. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock during the third quarter worth $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $32,000. Waldron Private Wealth LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $35,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $42,000. Institutional investors own 83.38% of the company’s stock.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction dated 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 owns 149,911 shares in the company, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Morgan Stanley boosted their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Argus started coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Redburn Atlantic started coverage on Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $53.73 on Monday. The company has a market capitalization of $27.95 billion, a price-to-earnings ratio of 298.52 and a beta of 1.04. The firm has a 50-day moving average price of $50.71. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. 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 Announces Dividend

The company also recently declared 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 2.25%. Smurfit Westrock’s dividend payout ratio (DPR) is 672.26%.

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.