Everence Capital Management Inc. Has $818,000 Position in Smurfit Westrock Ltd (NYSE:SW)

Everence Capital Management Inc. boosted its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 93.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,180 shares of the company’s stock after acquiring an additional 7,320 shares during the period. Everence Capital Management Inc.’s holdings in Smurfit Westrock were worth $818,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SW. Private Management Group Inc. bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $9,405,000. Intech Investment Management LLC acquired a new stake in Smurfit Westrock in the third quarter worth $597,000. Moors & Cabot Inc. acquired a new stake in Smurfit Westrock in the third quarter worth $520,000. Citigroup Inc. bought a new position in shares of Smurfit Westrock during the third quarter worth $77,207,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $520,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Barclays raised 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. Argus began coverage on Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, Citigroup assumed coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Transactions at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

Smurfit Westrock Stock Down 2.4 %

Shares of SW stock opened at $52.30 on Friday. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The stock has a fifty day simple moving average of $53.19. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 290.57 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were given a dividend of $0.3025 per share. The ex-dividend date was Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.31%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.22%.

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.