Gateway Investment Advisers LLC Purchases 6,973 Shares of Smurfit Westrock Ltd (NYSE:SW)

Gateway Investment Advisers LLC raised its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,888 shares of the company’s stock after buying an additional 6,973 shares during the period. Gateway Investment Advisers LLC’s holdings in Smurfit Westrock were worth $8,073,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $25,000. Versant Capital Management Inc purchased a new stake in Smurfit Westrock in the fourth quarter worth $27,000. CVA Family Office LLC bought a new stake in Smurfit Westrock in the third quarter valued at $26,000. ORG Wealth Partners LLC purchased a new position in Smurfit Westrock during the 3rd quarter valued at $32,000. Finally, Waldron Private Wealth LLC bought a new position in Smurfit Westrock in the 3rd quarter worth $35,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on SW shares. Citigroup boosted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Morgan Stanley upped their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Barclays raised their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.56.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 149,911 shares in the company, 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. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Price Performance

SW opened at $52.27 on Friday. The stock has a market cap of $27.19 billion, a price-to-earnings ratio of 290.41 and a beta of 1.03. The stock has a 50-day moving average of $53.55. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year 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.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were paid a $0.3025 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.31%. Smurfit Westrock’s dividend payout ratio is presently 672.26%.

Smurfit Westrock Company 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.