Quantbot Technologies LP Purchases New Shares in Sylvamo Co. (NYSE:SLVM)

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

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after purchasing an additional 201 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock valued at $159,000 after acquiring an additional 218 shares during the last quarter. Wedmont Private Capital boosted its stake in Sylvamo by 7.9% in the fourth 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. Finally, Handelsbanken Fonder AB grew its holdings in Sylvamo by 7.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company's stock worth $363,000 after purchasing an additional 300 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Stock Performance

SLVM traded down $0.01 on Monday, reaching $67.19. 414,076 shares of the stock were exchanged, compared to its average volume of 324,863. 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 company's 50-day moving average price is $71.65 and its 200 day moving average price is $80.01. The firm has a market capitalization of $2.72 billion, a PE ratio of 9.32, a PEG ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a fifty-two week low of $56.35 and a fifty-two week high of $98.02.

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 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 fiscal year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.68%. Sylvamo's payout ratio is currently 24.97%.

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade 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 can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.