Ridgeline Wealth Planning LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Ridgeline Wealth Planning LLC purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,822 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR lifted its holdings in shares of Smurfit Westrock by 3.7% in the 4th quarter. Stephens Inc. AR now owns 5,616 shares of the company’s stock worth $302,000 after purchasing an additional 199 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Smurfit Westrock by 0.5% in the fourth quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company’s stock valued at $3,011,000 after buying an additional 299 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of Smurfit Westrock by 2.6% in the fourth 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 in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock during the fourth quarter valued at about $25,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insider Buying and Selling

In other news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup raised their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Morgan Stanley lifted their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Argus assumed coverage on Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock opened at $53.51 on Wednesday. The business’s fifty day simple moving average is $53.67 and its 200 day simple moving average is $49.52. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The firm has a market capitalization of $27.85 billion, a P/E ratio of 297.28 and a beta of 1.02.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock’s payout ratio is presently 672.26%.

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.