Squarepoint Ops LLC Takes Position in Sylvamo Co. (NYSE:SLVM)

Squarepoint Ops LLC acquired a new position in shares of Sylvamo Co. (NYSE:SLVM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,712 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SLVM. Barclays PLC grew its holdings in shares of Sylvamo by 324.6% during the third quarter. Barclays PLC now owns 62,435 shares of the company’s stock worth $5,360,000 after purchasing an additional 47,730 shares in the last quarter. KBC Group NV grew its holdings in shares of Sylvamo by 80.2% during the fourth quarter. KBC Group NV now owns 1,836 shares of the company’s stock worth $145,000 after purchasing an additional 817 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Sylvamo by 22.8% during the fourth quarter. Bleakley Financial Group LLC now owns 16,381 shares of the company’s stock worth $1,294,000 after purchasing an additional 3,046 shares in the last quarter. Vest Financial LLC grew its holdings in shares of Sylvamo by 75.0% during the fourth quarter. Vest Financial LLC now owns 30,537 shares of the company’s stock worth $2,413,000 after purchasing an additional 13,086 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Sylvamo during the fourth quarter worth about $1,199,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their price objective on Sylvamo from $70.00 to $61.00 and set a “sector perform” rating for the company in a report on Monday, May 12th.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the transaction, the chief executive officer now directly owns 153,144 shares in the company, valued at $10,035,526.32. This trade represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.74% of the company’s stock.

Sylvamo Stock Up 0.1%

Shares of NYSE SLVM opened at $53.18 on Friday. Sylvamo Co. has a one year low of $51.55 and a one 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’s 50 day simple moving average is $58.02 and its two-hundred day simple moving average is $70.87. The stock has a market capitalization of $2.17 billion, a P/E ratio of 7.38, a PEG ratio of 2.23 and a beta of 1.07.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $819.61 million. During the same quarter in the previous year, the business earned $1.07 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, analysts expect that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo’s payout ratio is currently 26.32%.

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.