First United Bank & Trust Acquires New Holdings in Smurfit Westrock Ltd (NYSE:SW)

First United Bank & Trust bought a new position in Smurfit Westrock Ltd (NYSE:SW) during the 4th quarter, HoldingsChannel reports. The firm bought 958 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in Smurfit Westrock in the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at about $25,000. CVA Family Office LLC acquired a new position in shares of Smurfit Westrock during the third quarter worth about $26,000. Versant Capital Management Inc bought a new position in shares of Smurfit Westrock during the fourth quarter worth about $27,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Performance

SW stock opened at $52.95 on Tuesday. The company has a market capitalization of $27.54 billion, a P/E ratio of 294.20 and a beta of 1.03. The company’s fifty day simple moving average is $53.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s dividend payout ratio is presently 672.26%.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on SW. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Morgan Stanley increased their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note 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 target price on the stock. Citigroup upped their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Barclays raised their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus target price of $60.56.

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.