Contravisory Investment Management Inc. Has $764,000 Position in Smurfit Westrock Ltd (NYSE:SW)

Contravisory Investment Management Inc. lifted its holdings in Smurfit Westrock Ltd (NYSE:SW) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,189 shares of the company’s stock after acquiring an additional 365 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Smurfit Westrock were worth $764,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Mather Group LLC. bought a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $25,000. Versant Capital Management Inc acquired a new position in Smurfit Westrock during the fourth quarter valued at approximately $27,000. CVA Family Office LLC bought a new stake in Smurfit Westrock in the third quarter valued at approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock during the third quarter worth $32,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $35,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

SW stock opened at $53.01 on Thursday. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average price is $53.57. The company has a market cap of $27.57 billion, a PE ratio of 294.52 and a beta of 1.03.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were paid a $0.3025 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.28%. Smurfit Westrock’s payout ratio is 672.26%.

Analysts Set New Price Targets

SW has been the subject of several recent analyst reports. Wells Fargo & Company lowered 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. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective on the stock. Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.56.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

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.