Versant Capital Management Inc Acquires New Shares in Smurfit Westrock Ltd (NYSE:SW)

Versant Capital Management Inc bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, HoldingsChannel.com reports. The firm bought 506 shares of the company’s stock, valued at approximately $27,000.

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

Insider Activity

In other news, insider Saverio Mayer sold 25,000 shares of the firm’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 completion of the sale, the insider now directly owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Trading Down 2.4 %

NYSE SW opened at $52.08 on Wednesday. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month 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. The firm has a 50 day moving average of $53.35. The firm has a market cap of $27.09 billion, a P/E ratio of 289.35 and a beta of 1.03.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Argus assumed coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays upped their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.56.

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.