New York State Teachers Retirement System Purchases 3,832 Shares of Sylvamo Co. (NYSE:SLVM)

New York State Teachers Retirement System boosted its stake in Sylvamo Co. (NYSE:SLVM) by 8.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 48,992 shares of the company’s stock after buying an additional 3,832 shares during the period. New York State Teachers Retirement System’s holdings in Sylvamo were worth $2,406,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in Sylvamo in the 1st quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Sylvamo in the 3rd quarter valued at $27,000. Tyler Stone Wealth Management acquired a new stake in Sylvamo in the 2nd quarter valued at $31,000. Quarry LP boosted its stake in Sylvamo by 80.0% in the 2nd quarter. Quarry LP now owns 830 shares of the company’s stock valued at $34,000 after buying an additional 369 shares in the last quarter. Finally, Hollencrest Capital Management boosted its stake in Sylvamo by 170.2% in the 3rd quarter. Hollencrest Capital Management now owns 981 shares of the company’s stock valued at $43,000 after buying an additional 618 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Trading Down 1.4 %

SLVM stock opened at $57.66 on Tuesday. The company has a market cap of $2.39 billion, a P/E ratio of 9.74, a PEG ratio of 0.34 and a beta of 1.10. Sylvamo Co. has a twelve month low of $37.59 and a twelve month high of $64.32. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average of $57.85 and a 200-day moving average of $50.86.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.34. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The business had revenue of $964.00 million during the quarter, compared to the consensus estimate of $903.72 million. During the same quarter in the prior year, the company posted $1.97 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Sylvamo Co. will post 5.75 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, April 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.08%. Sylvamo’s dividend payout ratio is currently 20.27%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. TheStreet raised Sylvamo from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $55.00 price objective (up previously from $45.00) on shares of Sylvamo in a research note on Monday, February 26th.

Insider Transactions at Sylvamo

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

Sylvamo 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.