LSV Asset Management Grows Stock Holdings in Sylvamo Co. (NYSE:SLVM)

LSV Asset Management lifted its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,791,684 shares of the company's stock after purchasing an additional 66,180 shares during the quarter. LSV Asset Management owned about 4.37% of Sylvamo worth $141,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLVM. HighTower Advisors LLC grew its stake in shares of Sylvamo by 473.5% in the 3rd quarter. HighTower Advisors LLC now owns 18,467 shares of the company's stock worth $1,587,000 after buying an additional 15,247 shares during the last quarter. State Street Corp boosted its holdings in Sylvamo by 0.9% in the third quarter. State Street Corp now owns 1,407,303 shares of the company's stock worth $120,817,000 after acquiring an additional 12,181 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Sylvamo by 5.0% in the third quarter. Orion Portfolio Solutions LLC now owns 9,046 shares of the company's stock worth $777,000 after acquiring an additional 431 shares during the last quarter. Barclays PLC increased its holdings in shares of Sylvamo by 324.6% during the third quarter. Barclays PLC now owns 62,435 shares of the company's stock valued at $5,360,000 after acquiring an additional 47,730 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Sylvamo by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 915,997 shares of the company's stock worth $78,652,000 after purchasing an additional 27,859 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Insider Transactions at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the transaction, the chief executive officer now owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.75% of the company's stock.

Sylvamo Stock Up 0.3 %

SLVM stock traded up $0.21 during midday trading on Tuesday, hitting $60.03. The company's stock had a trading volume of 239,785 shares, compared to its average volume of 324,328. The company has a market cap of $2.44 billion, a PE ratio of 8.33, a P/E/G ratio of 2.23 and a beta of 1.17. The firm's 50-day moving average is $67.08 and its 200-day moving average is $78.25. Sylvamo Co. has a 12 month low of $54.94 and a 12 month high of $98.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. On average, equities research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 3.00%. Sylvamo's payout ratio is 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.