40,687 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, HoldingsChannel reports. The firm acquired 40,687 shares of the company’s stock, valued at approximately $2,010,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at approximately $431,653,000. Mizuho Securities USA LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $386,712,000. Charles Schwab Investment Management Inc. bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $151,212,000. Thompson Siegel & Walmsley LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $129,491,000. Finally, ARGA Investment Management LP acquired a new position in Smurfit Westrock in the 3rd quarter valued at approximately $92,072,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SW has been the subject of a number of recent research reports. Citigroup assumed coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Argus began coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. increased their target price 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. Barclays upped their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley upped their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Smurfit Westrock Stock Performance

Shares of NYSE:SW opened at $53.73 on Friday. The stock has a market cap of $27.95 billion, a P/E ratio of 298.52 and a beta of 1.04. The business has a 50-day moving average of $50.71. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

Smurfit Westrock Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction dated 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 directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company 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.