Sylvamo (NYSE:SLVM) Sets New 1-Year Low - Time to Sell?

Shares of Sylvamo Co. (NYSE:SLVM - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $56.01 and last traded at $56.17, with a volume of 10287 shares changing hands. The stock had previously closed at $59.27.

Analyst Upgrades and Downgrades

Separately, 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 note on Thursday, February 13th.

Sylvamo Stock Up 2.4 %

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 stock has a 50 day simple moving average of $67.45 and a 200-day simple moving average of $78.45. The firm has a market cap of $2.46 billion, a PE ratio of 8.37, a PEG ratio of 2.23 and a beta of 1.17.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Sylvamo's payout ratio is 24.97%.

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Insider Buying and Selling at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 153,144 shares of the company's stock, valued at $10,035,526.32. This represents a 12.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SLVM. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 403 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sylvamo by 43.6% in the 4th 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 boosted its stake in Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares during the period. Covestor Ltd grew its holdings in Sylvamo by 464.5% during the 4th quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after buying an additional 641 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Sylvamo during the third quarter valued at approximately $82,000. Hedge funds and other institutional investors 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.