780 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Tompkins Financial Corp

Tompkins Financial Corp bought a new position in Smurfit Westrock Ltd (NYSE:SW) during the 4th quarter, Holdings Channel reports. The institutional investor bought 780 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also recently bought and sold shares of SW. AMF Tjanstepension AB purchased a new position in shares of Smurfit Westrock during the third quarter worth about $8,519,000. Czech National Bank bought a new stake in Smurfit Westrock during the third quarter valued at approximately $4,967,000. SG Americas Securities LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth approximately $843,000. Park Avenue Securities LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth approximately $561,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $249,000. 83.38% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock opened at $52.95 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The business has a 50 day moving average price of $53.56. The company has a market capitalization of $27.54 billion, a PE ratio of 294.20 and a beta of 1.03.

Smurfit Westrock Announces Dividend

The company also recently disclosed 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 dividend yield of 2.29%. The ex-dividend date was Friday, November 15th. Smurfit Westrock’s payout ratio is 672.26%.

Analyst Ratings Changes

A number of research analysts recently commented on SW shares. Citigroup increased 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. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Argus initiated coverage on Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two 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 has an average rating of “Moderate Buy” and an average price target of $60.56.

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.