Contravisory Investment Management Inc. Boosts Holdings in Smurfit Westrock Ltd (NYSE:SW)

Contravisory Investment Management Inc. raised its holdings in Smurfit Westrock Ltd (NYSE:SW) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,189 shares of the company’s stock after acquiring an additional 365 shares during the period. Contravisory Investment Management Inc.’s holdings in Smurfit Westrock were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SW. State Street Corp acquired a new stake in Smurfit Westrock in the 3rd quarter worth about $967,582,000. Geode Capital Management LLC purchased a new position in Smurfit Westrock during the third quarter worth approximately $627,244,000. FMR LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $431,653,000. Mizuho Securities USA LLC acquired a new stake in shares of Smurfit Westrock in the third quarter worth $386,712,000. Finally, Soros Fund Management LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at $340,848,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SW. JPMorgan Chase & Co. upped their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Citigroup boosted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Morgan Stanley increased their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Argus initiated coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Performance

Shares of SW opened at $53.01 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average price is $53.57. The firm has a market capitalization of $27.57 billion, a P/E ratio of 294.52 and a beta of 1.03. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 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.