Smurfit Westrock Ltd (NYSE:SW) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Smurfit Westrock Ltd (NYSE:SW) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,225 shares of the company’s stock after buying an additional 1,117 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Smurfit Westrock were worth $3,136,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. DAVENPORT & Co LLC raised its position in Smurfit Westrock by 0.5% in the fourth quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company’s stock valued at $3,011,000 after purchasing an additional 299 shares during the period. Contravisory Investment Management Inc. lifted its stake in Smurfit Westrock by 2.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company’s stock worth $764,000 after purchasing an additional 365 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock during the fourth quarter worth $25,000. Finally, Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the third quarter worth $25,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SW shares. Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report 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 report on Friday, November 29th. Morgan Stanley upped their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Barclays lifted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.70.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock opened at $54.00 on Monday. The firm has a market capitalization of $28.10 billion, a P/E ratio of 299.99 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The firm’s 50 day moving average is $53.70 and its two-hundred day moving average is $49.47.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a dividend of $0.4308 per share. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.26%.

Insider Activity at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the sale, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

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.