Riposte Capital LLC Purchases Shares of 200,000 Smurfit Westrock Ltd (NYSE:SW)

Riposte Capital LLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,000 shares of the company's stock, valued at approximately $9,884,000. Smurfit Westrock comprises 1.1% of Riposte Capital LLC's investment portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of SW. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock in the third quarter worth $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $32,000. Waldron Private Wealth LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $35,000. Finally, Cromwell Holdings LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Citigroup assumed coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price objective on the stock. Morgan Stanley increased their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Finally, Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday. They set a "buy" rating and a $62.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average target price of $59.00.

Smurfit Westrock Trading Up 0.1 %

Shares of SW traded up $0.03 during midday trading on Thursday, hitting $54.60. The stock had a trading volume of 773,070 shares, compared to its average volume of 5,027,561. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $28.40 billion, a price-to-earnings ratio of 303.18 and a beta of 1.04. The stock's 50-day moving average price is $49.93. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio is 672.26%.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following 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 SEC, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

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.