Sylvamo Co. (NYSE:SLVM) Stock Holdings Decreased by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its position in Sylvamo Co. (NYSE:SLVM) by 52.7% in the 2nd quarter, Holdings Channel reports. The fund owned 631,473 shares of the company’s stock after selling 703,596 shares during the period. William Blair Investment Management LLC’s holdings in Sylvamo were worth $43,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Sylvamo in the second quarter valued at $62,101,000. American Century Companies Inc. raised its position in Sylvamo by 53.2% during the second quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock valued at $45,479,000 after buying an additional 230,291 shares during the period. Norges Bank acquired a new position in Sylvamo during the fourth quarter valued at $10,206,000. Acadian Asset Management LLC purchased a new stake in Sylvamo in the 2nd quarter worth about $9,997,000. Finally, Vanguard Group Inc. boosted its position in Sylvamo by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 2,830,756 shares of the company’s stock worth $174,771,000 after acquiring an additional 138,655 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

SLVM has been the topic of a number of research reports. Royal Bank of Canada upped their target price on Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Bank of America reiterated a “neutral” rating and issued a $82.00 target price (up previously from $71.00) on shares of Sylvamo in a research report on Monday, August 12th.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $76.92 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. Sylvamo Co. has a one year low of $40.69 and a one year high of $81.06. The business’s 50-day moving average price is $73.49 and its two-hundred day moving average price is $67.92. The company has a market capitalization of $3.15 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 4.35 and a beta of 1.07.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Friday, August 9th. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.58 by $0.40. The business had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $937.56 million. Sylvamo had a return on equity of 28.83% and a net margin of 6.30%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. Analysts anticipate that Sylvamo Co. will post 7.4 earnings per share for the current fiscal year.

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.