Radnor Capital Management LLC Reduces Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Radnor Capital Management LLC reduced its position in Smurfit Westrock Ltd (NYSE:SW) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,167 shares of the company’s stock after selling 468 shares during the period. Radnor Capital Management LLC’s holdings in Smurfit Westrock were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SW. AMF Tjanstepension AB purchased a new stake in Smurfit Westrock in the 3rd quarter worth about $8,519,000. Czech National Bank purchased a new stake in Smurfit Westrock during the third quarter valued at about $4,967,000. SG Americas Securities LLC bought a new position in Smurfit Westrock during the third quarter worth about $843,000. Park Avenue Securities LLC purchased a new position in shares of Smurfit Westrock in the third quarter worth about $561,000. Finally, GAMMA Investing LLC bought a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $249,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SW shares. Citigroup raised their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Barclays lifted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley increased their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price 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 lowered their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus target price of $60.56.

Smurfit Westrock Stock Up 0.2 %

Shares of NYSE SW opened at $53.01 on Thursday. The business has a 50-day simple moving average of $53.57. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 294.52 and a beta of 1.03. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 672.26%.

Insider Activity at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

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.