19,018 Shares in Sylvamo Co. (NYSE:SLVM) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in Sylvamo Co. (NYSE:SLVM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,018 shares of the company’s stock, valued at approximately $1,633,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLVM. CWM LLC lifted its stake in Sylvamo by 62.5% in the second quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after acquiring an additional 157 shares during the period. Independence Bank of Kentucky lifted its stake in Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 404 shares during the period. Fifth Third Bancorp lifted its stake in Sylvamo by 149.3% in the second quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after acquiring an additional 303 shares during the period. Fortitude Family Office LLC lifted its stake in Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after acquiring an additional 239 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

SLVM opened at $95.37 on Tuesday. Sylvamo Co. has a 12-month low of $44.94 and a 12-month high of $98.02. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $85.61 and a two-hundred day simple moving average of $76.67. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 14.83 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results 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. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm had revenue of $965.00 million during the quarter, compared to the consensus estimate of $960.47 million. During the same period last year, the company earned $1.70 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Research analysts predict that Sylvamo Co. will post 7.07 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.89%. Sylvamo’s payout ratio is presently 27.99%.

Wall Street Analyst Weigh In

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

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.