Bokf Na Has $1.10 Million Holdings in Sylvamo Co. (NYSE:SLVM)

Bokf Na lifted its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 41.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,029 shares of the company’s stock after purchasing an additional 4,720 shares during the period. Bokf Na’s holdings in Sylvamo were worth $1,100,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SLVM. Truist Financial Corp acquired a new position in Sylvamo in the fourth quarter valued at $308,000. Dimensional Fund Advisors LP lifted its holdings in Sylvamo by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,148,534 shares of the company’s stock valued at $56,406,000 after buying an additional 79,778 shares during the period. Janney Montgomery Scott LLC acquired a new position in Sylvamo in the fourth quarter valued at $605,000. Norges Bank acquired a new position in Sylvamo in the fourth quarter valued at $10,206,000. Finally, Assetmark Inc. raised its holdings in shares of Sylvamo by 5.2% during the fourth quarter. Assetmark Inc. now owns 43,063 shares of the company’s stock valued at $2,115,000 after purchasing an additional 2,114 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

SLVM has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Bank of America reaffirmed a “neutral” rating and issued a $82.00 price objective (up from $71.00) on shares of Sylvamo in a research report on Monday, August 12th.

Sylvamo Trading Up 2.9 %

Shares of SLVM stock opened at $76.92 on Monday. Sylvamo Co. has a 52-week low of $40.69 and a 52-week high of $81.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.68. The company has a 50-day simple moving average of $73.49 and a two-hundred day simple moving average of $67.97. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 4.41 and a beta of 1.07.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, August 9th. The company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.40. Sylvamo had a net margin of 6.30% and a return on equity of 28.83%. The business had revenue of $933.00 million during the quarter, compared to the consensus estimate of $937.56 million. During the same period in the prior year, the firm posted $1.14 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that Sylvamo Co. will post 7.4 EPS for the current fiscal year.

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.