Versor Investments LP Purchases Shares of 2,674 Sylvamo Co. (NYSE:SLVM)

Versor Investments LP acquired a new position in Sylvamo Co. (NYSE:SLVM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,674 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds have also made changes to their positions in the business. 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 purchasing an additional 138,655 shares during the period. Simplicity Wealth LLC raised its holdings in shares of Sylvamo by 105.7% during the 2nd quarter. Simplicity Wealth LLC now owns 14,192 shares of the company’s stock valued at $974,000 after buying an additional 7,291 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Sylvamo by 33.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,156 shares of the company’s stock valued at $2,104,000 after buying an additional 8,503 shares during the period. Los Angeles Capital Management LLC lifted its position in Sylvamo by 80.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 23,181 shares of the company’s stock worth $1,590,000 after acquiring an additional 10,332 shares in the last quarter. Finally, Summit Global Investments purchased a new position in Sylvamo in the 2nd quarter worth approximately $1,170,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SLVM. Sidoti began coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, Bank of America lifted their target price on Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd.

Sylvamo Trading Up 0.4 %

SLVM opened at $84.59 on Friday. Sylvamo Co. has a 12-month low of $44.94 and a 12-month high of $98.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.05. The stock has a market capitalization of $3.47 billion, a PE ratio of 13.16, a P/E/G ratio of 4.55 and a beta of 1.08. The firm’s fifty day moving average price is $83.95 and its 200 day moving average price is $75.59.

Sylvamo (NYSE:SLVM) last issued its earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 EPS. As a group, research analysts expect that Sylvamo Co. will post 7.07 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were issued a $0.45 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.13%. Sylvamo’s dividend payout ratio (DPR) is 27.99%.

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.