Boston Common Asset Management LLC Has $20.14 Million Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Boston Common Asset Management LLC boosted its position in Smurfit Westrock Ltd (NYSE:SW) by 13.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,970 shares of the company’s stock after buying an additional 44,912 shares during the period. Boston Common Asset Management LLC owned approximately 0.07% of Smurfit Westrock worth $20,142,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $25,000. CVA Family Office LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at $26,000. Versant Capital Management Inc acquired a new position in Smurfit Westrock during the fourth quarter worth $27,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at $32,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at $35,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Barclays raised their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Citigroup raised their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.56.

Smurfit Westrock Stock Performance

NYSE:SW traded up $0.25 during trading on Friday, reaching $52.47. The company’s stock had a trading volume of 573,196 shares, compared to its average volume of 2,462,034. The company has a market capitalization of $27.29 billion, a price-to-earnings ratio of 291.41 and a beta of 1.03. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The company has a 50 day simple moving average of $53.55.

Smurfit Westrock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were issued a dividend of $0.3025 per share. The ex-dividend date was Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.31%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Insiders Place Their Bets

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now 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 document filed with the SEC, which can be accessed through this hyperlink. 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.