Riposte Capital LLC Makes New $9.88 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

Riposte Capital LLC acquired a new position in Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $9,884,000. Smurfit Westrock accounts for approximately 1.1% of Riposte Capital LLC’s portfolio, making the stock its 13th largest holding.

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

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $54.57 on Thursday. The firm has a market cap of $28.39 billion, a P/E ratio of 303.18 and a beta of 1.04. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-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 has a 50 day moving average price of $49.93.

Smurfit Westrock Announces Dividend

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

Insider Activity at Smurfit Westrock

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 in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of research reports. Wells Fargo & Company reduced 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 report on Monday, October 7th. Citigroup initiated coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.57.

About Smurfit Westrock

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.