ExodusPoint Capital Management LP Takes Position in Sylvamo Co. (NYSE:SLVM)

ExodusPoint Capital Management LP acquired a new stake in shares of Sylvamo Co. (NYSE:SLVM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,925 shares of the company’s stock, valued at approximately $1,891,000. ExodusPoint Capital Management LP owned 0.06% of Sylvamo as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SLVM. Tidal Investments LLC raised its stake in shares of Sylvamo by 150.9% during the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock worth $1,929,000 after acquiring an additional 13,512 shares in the last quarter. HighTower Advisors LLC grew its holdings in Sylvamo by 473.5% in the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock worth $1,587,000 after purchasing an additional 15,247 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after purchasing an additional 201 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Sylvamo by 224.6% in the 4th quarter. Blue Trust Inc. now owns 11,284 shares of the company’s stock worth $969,000 after purchasing an additional 7,808 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in Sylvamo by 5.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,046 shares of the company’s stock worth $777,000 after buying an additional 431 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Insider Transactions at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Sylvamo Stock Performance

Shares of SLVM stock opened at $55.86 on Wednesday. The business has a fifty day moving average of $68.90 and a 200 day moving average of $79.06. Sylvamo Co. has a 1 year low of $55.19 and a 1 year high of $98.02. 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 firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data 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%. As a group, research analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is currently 24.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America reiterated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th.

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.