Insider Selling: Smurfit Westrock Ltd (NYSE:SW) Insider Sells 25,000 Shares of Stock

Smurfit Westrock Ltd (NYSE:SW) insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded down $0.49 during trading on Wednesday, hitting $54.73. The company had a trading volume of 833,848 shares, compared to its average volume of 5,048,699. The company has a market cap of $28.47 billion, a P/E ratio of 306.74 and a beta of 1.04. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The firm has a 50-day moving average of $49.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

Institutional Investors Weigh In On Smurfit Westrock

A number of large investors have recently bought and sold shares of the business. AMF Tjanstepension AB acquired a new position in shares of Smurfit Westrock during the third quarter valued at about $8,519,000. Czech National Bank acquired a new position in shares of Smurfit Westrock during the third quarter valued at about $4,967,000. SG Americas Securities LLC acquired a new position in shares of Smurfit Westrock during the third quarter valued at about $843,000. Park Avenue Securities LLC acquired a new position in shares of Smurfit Westrock during the third quarter valued at about $561,000. Finally, GAMMA Investing LLC acquired a new position in Smurfit Westrock in the third quarter worth about $249,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SW has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Morgan Stanley upped their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Redburn Atlantic initiated coverage on Smurfit Westrock in a research note on Friday, August 23rd. They set a “buy” rating and a $60.00 target price for the company. 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 note on Friday, November 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.57.

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.