Riposte Capital LLC Has $10.23 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Riposte Capital LLC lessened its position in Smurfit Westrock Ltd (NYSE:SW) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,000 shares of the company’s stock after selling 10,000 shares during the period. Smurfit Westrock comprises about 2.0% of Riposte Capital LLC’s portfolio, making the stock its 14th largest holding. Riposte Capital LLC’s holdings in Smurfit Westrock were worth $10,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $215,000. Empowered Funds LLC bought a new stake in Smurfit Westrock during the third quarter valued at $426,000. Thrivent Financial for Lutherans purchased a new stake in Smurfit Westrock during the third quarter valued at about $957,000. Caprock Group LLC bought a new stake in Smurfit Westrock in the 3rd quarter worth approximately $281,000. Finally, PNC Financial Services Group Inc. bought a new stake in Smurfit Westrock in the third quarter worth $2,134,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Down 3.3 %

SW opened at $44.21 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The business has a 50 day simple moving average of $51.26 and a 200-day simple moving average of $50.66. 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 $23.08 billion, a P/E ratio of 80.39 and a beta of 0.99.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. On average, equities analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were issued a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio (DPR) is 312.73%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays upped their target price on shares of 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. lifted their price objective 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 assumed coverage on Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target on the stock. Citigroup increased their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Argus started coverage on Smurfit Westrock in a research note 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 given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.70.

Insider Buying and Selling at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 44,361 shares of the company’s stock, valued at $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

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.