AlphaStar Capital Management LLC Purchases 2,532 Shares of Smurfit Westrock Ltd (NYSE:SW)

AlphaStar Capital Management LLC raised its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 13.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,645 shares of the company’s stock after acquiring an additional 2,532 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Smurfit Westrock were worth $1,166,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 acquiring an additional 279 shares during the period. DAVENPORT & Co LLC raised its holdings in Smurfit Westrock by 0.5% in the fourth quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company’s stock worth $3,011,000 after purchasing an additional 299 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Smurfit Westrock by 2.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company’s stock worth $764,000 after purchasing an additional 365 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at $25,000. Finally, Mather Group LLC. bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $25,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SW shares. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a research note on Friday, November 15th. Morgan Stanley increased their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Citigroup increased their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.70.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the business’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 transaction, the insider now directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Trading Down 1.6 %

Shares of Smurfit Westrock stock opened at $54.00 on Friday. The stock has a market cap of $28.10 billion, a P/E ratio of 299.99 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.48 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 business’s 50 day moving average is $53.70 and its 200-day moving average is $49.47.

Smurfit Westrock Increases Dividend

The company 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 is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.19%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.26%.

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.