Segall Bryant & Hamill LLC Trims Stake in Sylvamo Co. (NYSE:SLVM)

Segall Bryant & Hamill LLC cut its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,564 shares of the company's stock after selling 11,624 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.16% of Sylvamo worth $5,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position 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 during the period. GAMMA Investing LLC raised its holdings in shares of Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after buying an additional 201 shares during the period. Fifth Third Bancorp lifted its stake 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 in the last quarter. LRI Investments LLC boosted its holdings in Sylvamo by 4,825.0% during the 3rd quarter. LRI Investments LLC now owns 788 shares of the company's stock valued at $66,000 after acquiring an additional 772 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sylvamo in the 3rd quarter valued at about $82,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the 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 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 document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Remove Ads

Sylvamo Stock Up 0.6 %

Shares of Sylvamo stock traded up $0.40 on Tuesday, reaching $67.47. 285,088 shares of the company were exchanged, compared to its average volume of 325,254. The stock's 50 day moving average price is $71.36 and its 200-day moving average price is $79.94. 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 Co. has a 1-year low of $56.35 and a 1-year high of $98.02. The company has a market cap of $2.74 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15.

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

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio is presently 24.97%.

Wall Street Analyst Weigh In

SLVM has been the subject of several recent research reports. Bank of America reissued an "underperform" rating and issued a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada decreased 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.

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.