MYDA Advisors LLC Invests $431,000 in Smurfit Westrock Ltd (NYSE:SW)

MYDA Advisors LLC purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the company's stock, valued at approximately $431,000.

A number of other large investors have also added to or reduced their stakes in SW. Retirement Wealth Solutions LLC bought a new stake in Smurfit Westrock in the 4th quarter valued at about $25,000. Versant Capital Management Inc bought a new position in Smurfit Westrock during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after purchasing an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $30,000. Finally, Spire Wealth Management purchased a new stake in shares of Smurfit Westrock during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock traded down $0.35 on Friday, hitting $42.10. 1,068,483 shares of the company traded hands, compared to its average volume of 4,742,288. The firm's 50-day simple moving average is $45.35 and its 200 day simple moving average is $49.78. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The company has a market cap of $21.98 billion, a P/E ratio of 76.42 and a beta of 1.00.

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

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were paid a $0.4308 dividend. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock's payout ratio is 312.73%.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the sale, the insider now directly owns 44,361 shares of the company's stock, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the transaction, the insider now directly owns 111,458 shares of the company's stock, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SW. Citigroup increased their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Morgan Stanley dropped their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company reduced their target price on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada set a $57.00 price target on shares of Smurfit Westrock in a report on Tuesday. Finally, Truist Financial reduced their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.70.

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.