abrdn plc Buys 16,790 Shares of Smurfit Westrock Ltd (NYSE:SW)

abrdn plc raised its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 31.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,801 shares of the company’s stock after purchasing an additional 16,790 shares during the period. abrdn plc’s holdings in Smurfit Westrock were worth $3,818,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

SW has been the topic of a number of recent research reports. Argus started coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective on the stock. Morgan Stanley increased their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Barclays lifted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial began coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Stock Down 1.6 %

Shares of SW opened at $54.00 on Monday. The firm has a fifty day moving average price of $53.70 and a 200-day moving average price of $49.47. 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 $28.10 billion, a P/E ratio of 299.99 and a beta of 1.02. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be given a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.19%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock’s payout ratio is 672.26%.

Insiders Place Their Bets

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

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.