Smurfit Westrock Ltd (NYSE:SW) Insider Jairo Lorenzatto Sells 491 Shares of Stock

Smurfit Westrock Ltd (NYSE:SW) insider Jairo Lorenzatto sold 491 shares of Smurfit Westrock stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $48.44, for a total transaction of $23,784.04. Following the completion of the transaction, the insider now directly owns 19,033 shares in the company, valued at approximately $921,958.52. This represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Smurfit Westrock Price Performance

NYSE SW opened at $53.28 on Friday. The stock’s 50 day simple moving average is $51.41. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 296.02 and a beta of 1.04. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were issued 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 presently 672.22%.

Hedge Funds Weigh In On Smurfit Westrock

Institutional investors have recently modified their holdings of the stock. State Street Corp bought a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $967,582,000. Geode Capital Management LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $627,244,000. FMR LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $431,653,000. Mizuho Securities USA LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC bought a new position in Smurfit Westrock during the 3rd quarter worth approximately $340,848,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SW has been the subject of a number of research analyst reports. Argus initiated coverage on Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. Citigroup initiated 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. Redburn Atlantic assumed coverage on Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price for the company. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.