Strs Ohio Sells 2,900 Shares of Sylvamo Co. (NYSE:SLVM)

Strs Ohio trimmed its position in Sylvamo Co. (NYSE:SLVM) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,600 shares of the company’s stock after selling 2,900 shares during the period. Strs Ohio’s holdings in Sylvamo were worth $815,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hollencrest Capital Management lifted its holdings in shares of Sylvamo by 170.2% during the 3rd quarter. Hollencrest Capital Management now owns 981 shares of the company’s stock worth $43,000 after acquiring an additional 618 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in Sylvamo in the third quarter worth $261,000. Donoghue Forlines LLC bought a new stake in Sylvamo in the third quarter worth $301,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sylvamo by 28.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $305,000 after acquiring an additional 1,522 shares during the period. Finally, Handelsbanken Fonder AB purchased a new position in shares of Sylvamo in the third quarter valued at about $321,000. 91.16% of the stock is owned by institutional investors.

Insider Transactions at Sylvamo

In other news, SVP Peggy Maes sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total value of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares in the company, valued at $580,373.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Peggy Maes sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total transaction of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares in the company, valued at $580,373.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeanmichel Ribieras sold 12,225 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $57.20, for a total transaction of $699,270.00. Following the transaction, the chief executive officer now owns 132,276 shares in the company, valued at approximately $7,566,187.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,951 shares of company stock worth $1,618,664. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $55.00 price objective (up previously from $45.00) on shares of Sylvamo in a research report on Monday, February 26th.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $62.71 on Thursday. Sylvamo Co. has a 1 year low of $37.59 and a 1 year high of $64.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.72 and a quick ratio of 1.14. The company’s 50-day moving average is $59.65 and its 200 day moving average is $51.64. The stock has a market capitalization of $2.60 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.34 and a beta of 1.10.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.82 by $0.34. Sylvamo had a net margin of 6.77% and a return on equity of 32.81%. The business had revenue of $964.00 million for the quarter, compared to analyst estimates of $903.72 million. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Sylvamo’s quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that Sylvamo Co. will post 6.15 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.91%. Sylvamo’s dividend payout ratio is presently 20.27%.

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.