Polar Asset Management Partners Inc. Buys Shares of 82,600 Smurfit Westrock Ltd (NYSE:SW)

Polar Asset Management Partners Inc. acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 82,600 shares of the company's stock, valued at approximately $4,082,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter valued at $431,653,000. Mizuho Securities USA LLC bought a new position in Smurfit Westrock during the third quarter valued at about $386,712,000. Charles Schwab Investment Management Inc. acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $151,212,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $129,491,000. Finally, ARGA Investment Management LP acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $92,072,000. 83.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SW shares. Morgan Stanley increased their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Citigroup began coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 target price for the company. Argus began coverage on Smurfit Westrock in a report on Thursday. They set a "buy" rating and a $62.00 price objective on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.00.

Insider Buying and Selling at Smurfit Westrock

In other 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 transaction, the insider now owns 149,911 shares of the company's stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Up 0.4 %

Shares of Smurfit Westrock stock traded up $0.20 on Thursday, hitting $54.77. 2,428,572 shares of the company traded hands, compared to its average volume of 5,043,868. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The stock's 50-day moving average is $50.04. The company has a market cap of $28.49 billion, a P/E ratio of 304.28 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.21%. Smurfit Westrock's payout ratio is 672.22%.

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.