SG Americas Securities LLC Has $10.77 Million Stock Holdings in Sylvamo Corporation $SLVM

SG Americas Securities LLC raised its stake in Sylvamo Corporation (NYSE:SLVM) by 2,246.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,568 shares of the company’s stock after purchasing an additional 214,041 shares during the period. SG Americas Securities LLC owned 0.57% of Sylvamo worth $10,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLVM. Lazard Asset Management LLC increased its position in Sylvamo by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 29,415 shares of the company’s stock valued at $1,473,000 after buying an additional 259 shares in the last quarter. Rhumbline Advisers boosted its holdings in Sylvamo by 0.3% in the third quarter. Rhumbline Advisers now owns 96,697 shares of the company’s stock worth $4,276,000 after acquiring an additional 278 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Sylvamo by 328.3% in the third quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC grew its stake in Sylvamo by 222.8% in the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock valued at $37,000 after acquiring an additional 528 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Sylvamo by 10.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,606 shares of the company’s stock valued at $239,000 after acquiring an additional 553 shares during the period. Institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SLVM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, January 21st. Royal Bank Of Canada restated a “sector perform” rating and set a $53.00 price target on shares of Sylvamo in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.00.

Sylvamo Price Performance

SLVM stock opened at $40.20 on Monday. The company has a market capitalization of $1.59 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 0.47 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 1.50. Sylvamo Corporation has a 52-week low of $37.09 and a 52-week high of $68.42. The business has a 50-day simple moving average of $46.56 and a two-hundred day simple moving average of $46.11.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.05 by $0.03. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The firm had revenue of $890.00 million during the quarter, compared to the consensus estimate of $858.76 million. During the same period in the prior year, the business posted $1.96 earnings per share. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Research analysts expect that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, April 7th. Sylvamo’s dividend payout ratio is presently 55.21%.

Insider Buying and Selling

In other Sylvamo news, SVP Rodrigo Davoli sold 3,250 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $46.46, for a total transaction of $150,995.00. Following the transaction, the senior vice president directly owned 46,484 shares in the company, valued at approximately $2,159,646.64. This trade represents a 6.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

Sylvamo Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.