Royce & Associates LP decreased its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,216 shares of the company's stock after selling 6,077 shares during the period. Royce & Associates LP owned 0.84% of Sylvamo worth $27,121,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new stake in Sylvamo in the 3rd quarter valued at about $222,000. Versor Investments LP purchased a new stake in shares of Sylvamo in the 3rd quarter valued at approximately $230,000. Entropy Technologies LP acquired a new position in shares of Sylvamo in the 3rd quarter worth approximately $211,000. Chesapeake Capital Corp IL boosted its position in shares of Sylvamo by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 9,118 shares of the company's stock worth $773,000 after purchasing an additional 1,989 shares during the period. Finally, Quest Partners LLC acquired a new stake in Sylvamo in the 3rd quarter valued at approximately $760,000. Institutional investors and hedge funds own 91.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on SLVM. Royal Bank of Canada decreased their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Bank of America reiterated an "underperform" rating and issued a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th.
Check Out Our Latest Research Report on Sylvamo
Insider Buying and Selling
In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the 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 transaction, the chief executive officer now owns 131,894 shares of the company's stock, valued at $8,591,575.16. This represents a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company's stock.
Sylvamo Stock Down 1.3 %
SLVM stock traded down $0.85 during midday trading on Thursday, hitting $65.65. The company's stock had a trading volume of 345,945 shares, compared to its average volume of 295,734. The firm has a 50-day simple moving average of $73.46 and a 200-day simple moving average of $80.46. The firm has a market capitalization of $2.66 billion, a P/E ratio of 9.11, a PEG ratio of 2.23 and a beta of 1.15. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 52-week low of $56.35 and a 52-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 earnings per share (EPS) for the quarter, beating 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, equities analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.
Sylvamo Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders 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 dividend yield of 2.74%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio is presently 24.97%.
Sylvamo Company Profile
(
Free Report)
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.
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