GC Wealth Management RIA LLC Purchases 2,000 Shares of Smurfit Westrock Ltd (NYSE:SW)

GC Wealth Management RIA LLC lifted its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,519 shares of the company’s stock after purchasing an additional 2,000 shares during the period. GC Wealth Management RIA LLC’s holdings in Smurfit Westrock were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SW. Janney Montgomery Scott LLC bought a new position in shares of Smurfit Westrock during the third quarter worth approximately $1,605,000. Van ECK Associates Corp acquired a new stake in Smurfit Westrock during the third quarter worth approximately $279,000. Principal Financial Group Inc. acquired a new stake in Smurfit Westrock during the third quarter worth approximately $29,716,000. Assetmark Inc. acquired a new stake in Smurfit Westrock during the third quarter worth approximately $59,000. Finally, Atria Investments Inc acquired a new stake in Smurfit Westrock during the third quarter worth approximately $362,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the topic of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Citigroup raised their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. 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 report on Friday, November 29th. Argus began coverage on Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective on the stock. Finally, Barclays raised their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Trading Up 1.0 %

Smurfit Westrock stock opened at $43.62 on Wednesday. The stock has a market cap of $22.70 billion, a P/E ratio of 79.31 and a beta of 0.99. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The firm’s fifty day moving average price is $52.51 and its 200-day moving average price is $50.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. Equities research analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be issued a $0.4308 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.95%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is presently 312.73%.

Insider Transactions at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.