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 business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $48.44, for a total value of $23,784.04. Following the completion of the transaction, the insider now directly owns 19,033 shares of the company’s stock, valued at $921,958.52. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Smurfit Westrock Stock Performance

Shares of SW opened at $53.28 on Monday. 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 Ltd has a one year low of $38.55 and a one year high of $56.99. The stock has a market capitalization of $27.71 billion, a PE ratio of 296.02 and a beta of 1.04. The stock’s 50 day moving average price is $51.41.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s payout ratio is 672.22%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SW shares. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. JPMorgan Chase & Co. boosted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Morgan Stanley boosted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup assumed coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. Finally, Argus assumed coverage on Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Trading of Smurfit Westrock

Several large investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of Smurfit Westrock during the third quarter worth approximately $25,000. CVA Family Office LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth approximately $32,000. Waldron Private Wealth LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth approximately $35,000. Finally, Cromwell Holdings LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth approximately $42,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

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.