Quantbot Technologies LP Makes New Investment in Sylvamo Co. (NYSE:SLVM)

Quantbot Technologies LP acquired a new stake in shares of Sylvamo Co. (NYSE:SLVM) in the fourth quarter, Holdings Channel.com reports. The fund acquired 8,182 shares of the company’s stock, valued at approximately $647,000.

Other large investors have also modified their holdings of the company. Citigroup Inc. increased its position in shares of Sylvamo by 67.0% in the third quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock worth $3,994,000 after acquiring an additional 18,657 shares in the last quarter. Algert Global LLC boosted its stake in Sylvamo by 190.2% in the 3rd quarter. Algert Global LLC now owns 10,290 shares of the company’s stock worth $883,000 after purchasing an additional 6,744 shares during the period. Pitcairn Co. purchased a new position in Sylvamo during the 3rd quarter worth approximately $303,000. FMR LLC raised its stake in Sylvamo by 4.4% during the 3rd quarter. FMR LLC now owns 724,391 shares of the company’s stock valued at $62,189,000 after purchasing an additional 30,345 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in shares of Sylvamo in the third quarter valued at $250,000. 91.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on 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 reissued an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Sylvamo Price Performance

Shares of SLVM opened at $66.91 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The firm has a market cap of $2.71 billion, a PE ratio of 9.28, a PEG ratio of 2.23 and a beta of 1.15. The firm’s 50 day moving average price is $72.08 and its 200 day moving average price is $80.03. Sylvamo Co. has a twelve month low of $56.35 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM) last released its quarterly 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%. As a group, research analysts expect that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. Sylvamo’s dividend payout ratio is currently 24.97%.

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.