Tidal Investments LLC Makes New $1.68 Million Investment in Smurfit Westrock Ltd (NYSE:SW)

Tidal Investments LLC purchased a new position in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,015 shares of the company’s stock, valued at approximately $1,681,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in Smurfit Westrock in the 3rd quarter worth $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $32,000. Waldron Private Wealth LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $35,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $42,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction that occurred 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 directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

SW has been the topic of several recent research reports. Citigroup initiated coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Wells Fargo & Company decreased 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 research report on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Argus started coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 target price on the stock. Finally, Barclays lifted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $60.00.

Smurfit Westrock Stock Down 1.5 %

NYSE:SW opened at $53.90 on Wednesday. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a 50-day moving average price of $51.03. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of 299.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 2.24%. Smurfit Westrock’s payout ratio is 672.22%.

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.