Farringdon Capital Ltd. Acquires New Holdings in Sylvamo Co. (NYSE:SLVM)

Farringdon Capital Ltd. bought a new position in Sylvamo Co. (NYSE:SLVM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,701 shares of the company's stock, valued at approximately $371,000.

Other hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in Sylvamo by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company's stock worth $288,000 after purchasing an additional 193 shares in the last quarter. GAMMA Investing LLC lifted its position in Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after buying an additional 201 shares in the last quarter. Fifth Third Bancorp grew its holdings in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after acquiring an additional 214 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after acquiring an additional 218 shares during the last quarter. Finally, Wedmont Private Capital increased its position in Sylvamo by 7.9% in the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company's stock valued at $281,000 after acquiring an additional 273 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price target on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th.

Sylvamo Trading Up 1.6 %

SLVM stock traded up $0.95 during midday trading on Thursday, reaching $60.20. The stock had a trading volume of 37,937 shares, compared to its average volume of 370,175. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a twelve month low of $54.94 and a twelve month high of $98.02. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $65.01 and a two-hundred day simple moving average of $77.19.

Sylvamo (NYSE:SLVM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. As a group, research analysts expect that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.99%. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.