Twin Lakes Capital Management LLC Buys New Position in Smurfit Westrock Ltd (NYSE:SW)

Twin Lakes Capital Management LLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 981 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SW. AMF Tjanstepension AB acquired a new stake in shares of Smurfit Westrock during the third quarter worth $8,519,000. Czech National Bank purchased a new position in Smurfit Westrock during the third quarter worth about $4,967,000. SG Americas Securities LLC acquired a new stake in Smurfit Westrock in the 3rd quarter worth about $843,000. Park Avenue Securities LLC purchased a new stake in Smurfit Westrock in the 3rd quarter valued at about $561,000. Finally, GAMMA Investing LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $249,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SW. Argus assumed coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. JPMorgan Chase & Co. upped their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Wells Fargo & Company cut their target price on 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. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, Redburn Atlantic assumed coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Smurfit Westrock Stock Performance

SW stock opened at $54.37 on Tuesday. The company has a 50-day moving average of $50.23. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 302.07 and a beta of 1.04. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid 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 2.23%. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.