O Shaughnessy Asset Management LLC Raises Position in Sylvamo Co. (NYSE:SLVM)

O Shaughnessy Asset Management LLC raised its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 61.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,532 shares of the company's stock after purchasing an additional 20,275 shares during the period. O Shaughnessy Asset Management LLC owned 0.13% of Sylvamo worth $4,230,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after buying an additional 403 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after acquiring an additional 201 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after acquiring an additional 214 shares in the last quarter. LRI Investments LLC raised its position in shares of Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company's stock worth $66,000 after purchasing an additional 772 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Sylvamo in the 3rd quarter worth about $82,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Stock Performance

Shares of Sylvamo stock traded down $1.25 during trading on Monday, hitting $58.02. 410,067 shares of the company's stock traded hands, compared to its average volume of 325,803. Sylvamo Co. has a 1 year low of $56.01 and a 1 year high of $98.02. The business has a 50-day simple moving average of $69.86 and a 200-day simple moving average of $79.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The stock has a market capitalization of $2.35 billion, a P/E ratio of 8.05, a PEG ratio of 2.23 and a beta of 1.17.

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Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating 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, analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

Analyst Ratings Changes

Several brokerages have issued reports on SLVM. Bank of America reaffirmed an "underperform" rating and issued a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada reduced their price target on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the transaction, the chief executive officer now directly owns 153,144 shares of the company's stock, valued at approximately $10,035,526.32. This trade represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.75% of the company's stock.

About Sylvamo

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.