Moody National Bank Trust Division Buys New Stake in Smurfit Westrock Ltd (NYSE:SW)

Moody National Bank Trust Division purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,718 shares of the company’s stock, valued at approximately $739,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in Smurfit Westrock during the third quarter worth approximately $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the third quarter worth approximately $26,000. Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $32,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at $35,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $52.93 on Wednesday. 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 firm has a market capitalization of $27.53 billion, a P/E ratio of 294.07 and a beta of 1.03. The business’s fifty day moving average is $53.58. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s payout ratio is 672.22%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SW shares. Argus started coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target 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 research report on Friday, November 15th. Barclays lifted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Finally, Morgan Stanley lifted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and an average price target of $60.56.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

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.