Edgestream Partners L.P. Takes $547,000 Position in Sylvamo Co. (NYSE:SLVM)

Edgestream Partners L.P. purchased a new stake in Sylvamo Co. (NYSE:SLVM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,926 shares of the company’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SLVM. CWA Asset Management Group LLC bought a new position in shares of Sylvamo in the 3rd quarter valued at $346,000. Assetmark Inc. boosted its holdings in shares of Sylvamo by 9.3% during the 3rd quarter. Assetmark Inc. now owns 25,966 shares of the company’s stock valued at $2,229,000 after acquiring an additional 2,213 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Sylvamo by 6.9% during the 3rd quarter. Sigma Planning Corp now owns 7,550 shares of the company’s stock valued at $648,000 after acquiring an additional 488 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Sylvamo during the 3rd quarter valued at $222,000. Finally, Versor Investments LP acquired a new stake in shares of Sylvamo during the 3rd quarter valued at $230,000. Institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SLVM shares. Bank of America reissued an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada cut their price objective on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th.

Sylvamo Stock Down 2.8 %

Shares of SLVM opened at $64.93 on Thursday. The company has a market capitalization of $2.63 billion, a PE ratio of 9.01, a PEG ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 12 month low of $56.20 and a 12 month high of $98.02. The stock’s 50-day moving average price is $74.75 and its two-hundred day moving average price is $80.91. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 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%. On average, analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s payout ratio is presently 24.97%.

Insiders Place Their Bets

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total value 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. The trade was a 12.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.75% of the company’s stock.

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.