Diversified Trust Co Sells 4,177 Shares of Smurfit Westrock Ltd (NYSE:SW)

Diversified Trust Co decreased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 30.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,384 shares of the company’s stock after selling 4,177 shares during the period. Diversified Trust Co’s holdings in Smurfit Westrock were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SW. Nordea Investment Management AB raised its holdings in shares of Smurfit Westrock by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company’s stock valued at $272,049,000 after acquiring an additional 500,699 shares in the last quarter. Everence Capital Management Inc. increased its position in Smurfit Westrock by 93.1% during the 4th quarter. Everence Capital Management Inc. now owns 15,180 shares of the company’s stock valued at $818,000 after purchasing an additional 7,320 shares during the period. GAMMA Investing LLC raised its holdings in Smurfit Westrock by 34.1% in the 4th quarter. GAMMA Investing LLC now owns 6,754 shares of the company’s stock worth $364,000 after purchasing an additional 1,718 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth about $27,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $221,026,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

SW has been the subject of a number of research reports. Morgan Stanley increased 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. Citigroup raised their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Barclays lifted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. upped their target price 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $60.56.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock opened at $51.79 on Friday. The stock has a market capitalization of $26.94 billion, a PE ratio of 287.74 and a beta of 1.03. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The business has a 50-day moving average price of $53.55.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 672.22%.

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.