McIlrath & Eck LLC Invests $100,000 in Smurfit Westrock Ltd (NYSE:SW)

McIlrath & Eck LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,027 shares of the company’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SW. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock during the third quarter worth $25,000. CVA Family Office LLC bought a new stake in Smurfit Westrock during the third quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth about $32,000. Waldron Private Wealth LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter worth about $35,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SW shares. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price for the company. Morgan Stanley lifted their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Argus started coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 target price on the stock. Citigroup began coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. 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 on the stock in a report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.00.

Insider Activity

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the 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 completion of the sale, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Price Performance

SW opened at $53.43 on Wednesday. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The firm has a market cap of $27.79 billion, a price-to-earnings ratio of 296.82 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. The stock has a 50-day simple moving average of $50.32.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Smurfit Westrock 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.