8,182 Shares in Sylvamo Co. (NYSE:SLVM) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,182 shares of the company's stock, valued at approximately $647,000.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after purchasing an additional 403 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after buying an additional 214 shares in the last quarter. LRI Investments LLC raised its stake in Sylvamo by 4,825.0% during the 3rd quarter. LRI Investments LLC now owns 788 shares of the company's stock worth $66,000 after acquiring an additional 772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sylvamo during the 3rd quarter worth $82,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. This represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company's stock.

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Sylvamo Stock Performance

Shares of NYSE:SLVM traded down $0.68 on Monday, reaching $66.52. The company's stock had a trading volume of 17,358 shares, compared to its average volume of 323,290. The stock has a market capitalization of $2.70 billion, a P/E ratio of 9.23, a PEG ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 52-week low of $56.35 and a 52-week high of $98.02. The stock's 50-day moving average is $71.86 and its two-hundred day moving average is $80.06. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share 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%. As a group, sell-side analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's payout ratio is currently 24.97%.

Analyst Upgrades and Downgrades

SLVM has been the topic of several research reports. Bank of America reaffirmed an "underperform" rating and set a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada cut their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th.

Sylvamo 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.