Savant Capital LLC Has $36.54 Million Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Savant Capital LLC boosted its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 37.0% in the fourth quarter, Holdings Channel reports. The firm owned 678,444 shares of the company’s stock after purchasing an additional 183,250 shares during the period. Savant Capital LLC’s holdings in Smurfit Westrock were worth $36,541,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SW. AMF Tjanstepension AB acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at approximately $8,519,000. Mather Group LLC. bought a new position in Smurfit Westrock in the third quarter valued at approximately $25,000. Atomi Financial Group Inc. acquired a new position in shares of Smurfit Westrock in the third quarter valued at approximately $251,000. CWM LLC bought a new stake in shares of Smurfit Westrock during the third quarter worth $227,000. Finally, Perpetual Ltd acquired a new stake in shares of Smurfit Westrock during the third quarter worth $214,000. Institutional investors own 83.38% of the company’s stock.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $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 accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. 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. Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Barclays upped their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial started coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Stock Performance

NYSE SW opened at $54.00 on Monday. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The firm has a market capitalization of $28.10 billion, a P/E ratio of 299.99 and a beta of 1.02. The firm’s fifty day moving average price is $53.70 and its two-hundred day moving average price is $49.47. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock’s dividend payout ratio (DPR) 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.