Insider Selling: Smurfit Westrock Ltd (NYSE:SW) Insider Sells 491 Shares of Stock

Smurfit Westrock Ltd (NYSE:SW) insider Jairo Lorenzatto sold 491 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $48.44, for a total value of $23,784.04. Following the sale, the insider now directly owns 19,033 shares in the company, valued at approximately $921,958.52. This represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Smurfit Westrock Trading Up 4.1 %

Smurfit Westrock stock opened at $53.28 on Friday. 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 price of $51.41. The stock has a market capitalization of $27.71 billion, a P/E ratio of 296.02 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were given a $0.3025 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.27%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.22%.

Institutional Trading of Smurfit Westrock

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in Smurfit Westrock in the 3rd quarter valued at $29,716,000. Retirement Systems of Alabama bought a new stake in Smurfit Westrock during the third quarter valued at $36,861,000. Franklin Resources Inc. purchased a new position in Smurfit Westrock during the third quarter worth about $198,258,000. Synovus Financial Corp purchased a new position in Smurfit Westrock during the third quarter worth about $858,000. Finally, Tidal Investments LLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $1,681,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SW. Citigroup initiated coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Morgan Stanley boosted their price target 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. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Finally, Wells Fargo & Company reduced their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average target price 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.