Sylvamo Co. (NYSE:SLVM) Short Interest Update

Sylvamo Co. (NYSE:SLVM - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 897,400 shares, an increase of 42.3% from the February 13th total of 630,800 shares. Based on an average trading volume of 344,000 shares, the short-interest ratio is currently 2.6 days. Currently, 2.7% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

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

Sylvamo Stock Up 0.0 %

NYSE:SLVM traded up $0.01 during trading hours on Wednesday, reaching $65.90. 88,964 shares of the stock were exchanged, compared to its average volume of 294,970. 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 has a twelve month low of $56.34 and a twelve month high of $98.02. The stock has a market cap of $2.67 billion, a PE ratio of 9.14, a PEG ratio of 2.23 and a beta of 1.15. The firm has a 50 day moving average of $73.68 and a 200 day moving average of $80.56.

Sylvamo (NYSE:SLVM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share 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%. On average, equities analysts expect that Sylvamo will post 7.45 earnings per share for the current year.

Remove Ads

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given 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 yield of 2.73%. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

Insiders Place Their Bets

In other 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 transaction of $1,392,512.50. Following the sale, the chief executive officer now owns 153,144 shares of the company's stock, valued at $10,035,526.32. This trade represents a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Sylvamo by 83,084.0% during the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company's stock worth $197,815,000 after buying an additional 2,301,427 shares during the last quarter. First Trust Advisors LP grew its position in shares of Sylvamo by 39.7% in the 4th quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock valued at $93,045,000 after acquiring an additional 334,792 shares during the period. American Century Companies Inc. increased its stake in shares of Sylvamo by 15.2% during the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock worth $80,289,000 after purchasing an additional 134,066 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Sylvamo by 185.1% in the 4th quarter. Millennium Management LLC now owns 144,431 shares of the company's stock valued at $11,413,000 after purchasing an additional 93,767 shares during the period. Finally, Norges Bank acquired a new stake in Sylvamo in the 4th quarter valued at about $6,505,000. Institutional investors and hedge funds own 91.16% 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.