Smurfit Westrock Ltd (NYSE:SW) Insider Sells $23,784.04 in Stock

by · The Cerbat Gem

Smurfit Westrock Ltd (NYSE:SW – Get Free Report) insider Jairo Lorenzatto sold 491 shares of the firm’s stock in a transaction 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 transaction, the insider now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

Smurfit Westrock Price Performance

Shares of SW stock traded up $1.32 during trading hours on Friday, hitting $52.50. The stock had a trading volume of 2,296,563 shares, compared to its average volume of 4,871,775. The business has a 50-day simple moving average of $51.26. 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 $27.31 billion, a PE ratio of 291.68 and a beta of 1.04. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were given a dividend of $0.3025 per share. The ex-dividend date was Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.30%. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Institutional Investors Weigh In On Smurfit Westrock

Several large investors have recently bought and sold shares of the business. Mather Group LLC. bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at approximately $25,000. CVA Family Office LLC purchased a new position in Smurfit Westrock during the third quarter worth $26,000. ORG Wealth Partners LLC bought a new position in Smurfit Westrock during the third quarter valued at $32,000. Waldron Private Wealth LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at $35,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $42,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Argus assumed coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Redburn Atlantic began coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. Citigroup initiated coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Finally, Barclays upped their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

View Our Latest Analysis on SW

About Smurfit Westrock

(Get Free Report)

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.

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