Janney Montgomery Scott LLC Has $1.36 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Janney Montgomery Scott LLC decreased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 22.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,269 shares of the company’s stock after selling 7,209 shares during the period. Janney Montgomery Scott LLC’s holdings in Smurfit Westrock were worth $1,361,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SW. MassMutual Private Wealth & Trust FSB raised its position in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after buying an additional 279 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Smurfit Westrock by 2.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company’s stock valued at $764,000 after buying an additional 365 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Smurfit Westrock during the fourth quarter valued at about $25,000. Mather Group LLC. bought a new position in Smurfit Westrock in the 3rd quarter worth approximately $25,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock during the fourth quarter worth $27,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Up 0.6 %

Shares of SW opened at $53.42 on Tuesday. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year 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 stock has a 50 day simple moving average of $53.81 and a two-hundred day simple moving average of $49.25. The firm has a market cap of $27.79 billion, a P/E ratio of 296.78 and a beta of 1.03.

Smurfit Westrock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be paid a $0.4308 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.23%. Smurfit Westrock’s payout ratio is currently 955.56%.

Analyst Ratings Changes

A number of research analysts have weighed in on SW shares. Barclays lifted their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Morgan Stanley lifted their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Argus assumed coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.70.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.