HighTower Advisors LLC Purchases Shares of 40,687 Smurfit Westrock Ltd (NYSE:SW)

HighTower Advisors LLC acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,687 shares of the company’s stock, valued at approximately $2,010,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SW shares. Morgan Stanley upped their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. JPMorgan Chase & Co. lifted their price objective 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. Redburn Atlantic initiated 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 for the company. Finally, Argus began coverage on Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction 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 transaction, the insider now directly owns 149,911 shares of the company’s stock, valued at $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Up 0.5 %

Shares of SW stock opened at $53.73 on Friday. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The firm has a market capitalization of $27.95 billion, a P/E ratio of 298.52 and a beta of 1.04. The stock’s 50 day moving average is $50.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be issued a dividend of $0.3025 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.25%. Smurfit Westrock’s payout ratio is currently 672.26%.

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.