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) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,027 shares of the company’s stock, valued at approximately $100,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Private Management Group Inc. bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $9,405,000. Intech Investment Management LLC acquired a new position in Smurfit Westrock during the third quarter worth approximately $597,000. Moors & Cabot Inc. bought a new stake in Smurfit Westrock in the third quarter valued at approximately $520,000. Citigroup Inc. acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $77,207,000. Finally, Catalytic Wealth RIA LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $520,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SW has been the topic of a number of research analyst reports. Redburn Atlantic initiated coverage on Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target on the stock. Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Morgan Stanley boosted their target price 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, Citigroup assumed coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Insider Activity

In other news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Performance

Shares of SW opened at $53.43 on Wednesday. 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 Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The company has a market cap of $27.79 billion, a price-to-earnings ratio of 296.82 and a beta of 1.04. The firm has a fifty day simple moving average of $50.32.

Smurfit Westrock Dividend Announcement

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

Smurfit Westrock Company 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.