Riposte Capital LLC Lowers Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Riposte Capital LLC lowered its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 190,000 shares of the company's stock after selling 10,000 shares during the quarter. Smurfit Westrock makes up 2.0% of Riposte Capital LLC's portfolio, making the stock its 14th biggest position. Riposte Capital LLC's holdings in Smurfit Westrock were worth $10,233,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

SW has been the subject of a number of analyst reports. Citigroup increased their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Barclays raised their price objective on 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. upped their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price target for the company. Finally, Argus assumed coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a "buy" rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and an average price target of $60.70.

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Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the transaction, the insider now directly owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded down $0.89 during trading on Friday, hitting $44.51. The stock had a trading volume of 4,134,893 shares, compared to its average volume of 4,790,595. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 80.93 and a beta of 0.99. The stock has a 50-day simple moving average of $50.51 and a two-hundred day simple moving average of $50.59.

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 analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. On average, equities research analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were given a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a yield of 3.87%. Smurfit Westrock's payout ratio is currently 312.73%.

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.