Sylvamo Co. (NYSE:SLVM) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of Sylvamo Co. (NYSE:SLVM) by 73.4% during the third quarter, Holdings Channel reports. The fund owned 5,889 shares of the company’s stock after selling 16,290 shares during the quarter. GSA Capital Partners LLP’s holdings in Sylvamo were worth $506,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SLVM. Sei Investments Co. boosted its position in Sylvamo by 3.6% during the first quarter. Sei Investments Co. now owns 31,443 shares of the company’s stock worth $1,941,000 after acquiring an additional 1,096 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Sylvamo by 2.4% during the first quarter. Russell Investments Group Ltd. now owns 23,403 shares of the company’s stock worth $1,445,000 after purchasing an additional 548 shares during the period. ProShare Advisors LLC raised its stake in Sylvamo by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,211 shares of the company’s stock worth $445,000 after purchasing an additional 497 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Sylvamo by 22.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,704 shares of the company’s stock worth $784,000 after purchasing an additional 2,310 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Sylvamo by 33.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,156 shares of the company’s stock worth $2,104,000 after purchasing an additional 8,503 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analysts Set New Price Targets

SLVM has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Bank of America raised their price target on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, Sidoti began coverage on shares of Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price objective for the company.

Sylvamo Trading Up 1.4 %

NYSE SLVM opened at $86.70 on Wednesday. Sylvamo Co. has a one year low of $44.94 and a one year high of $98.02. The company has a 50-day simple moving average of $84.43 and a 200-day simple moving average of $75.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. The firm has a market capitalization of $3.56 billion, a PE ratio of 13.48 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. Sylvamo’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. On average, equities analysts forecast that Sylvamo Co. will post 7.07 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.08%. 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.