Caisse DE Depot ET Placement DU Quebec Acquires Shares of 10,300 Sylvamo Corporation $SLVM

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired 10,300 shares of Sylvamo Corporation, valued at approximately $691,000.
• Institutional investors and hedge funds collectively own 91.16% of Sylvamo's stock, indicating strong institutional interest in the company.
• Sylvamo's recent earnings report revealed a 14.9% decline in revenue year-over-year, with earnings per share of $0.37, missing the consensus estimate by $0.10.

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,300 shares of the company's stock, valued at approximately $691,000.

Other hedge funds also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Sylvamo in the 1st quarter valued at approximately $61,000. First Citizens Bank & Trust Co. bought a new position in Sylvamo during the 1st quarter worth approximately $200,000. James Investment Research Inc. bought a new position in Sylvamo during the 1st quarter worth approximately $251,000. NDVR Inc. raised its holdings in Sylvamo by 9.2% during the 4th quarter. NDVR Inc. now owns 3,196 shares of the company's stock worth $253,000 after purchasing an additional 268 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in Sylvamo during the 4th quarter worth approximately $258,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Stock Performance

NYSE SLVM traded down $1.58 during trading on Wednesday, hitting $43.77. 182,119 shares of the company's stock traded hands, compared to its average volume of 363,575. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 2.59 and a beta of 1.00. Sylvamo Corporation has a 12-month low of $37.51 and a 12-month high of $98.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. The business has a 50 day moving average of $47.75 and a 200-day moving average of $55.98.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). The firm had revenue of $794.00 million during the quarter, compared to analysts' expectations of $826.60 million. Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The company's quarterly revenue was down 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 earnings per share. As a group, equities research analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on SLVM. Bank of America lowered their price target on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a report on Wednesday, July 9th. Royal Bank Of Canada set a $49.00 target price on shares of Sylvamo and gave the company a "sector perform" rating in a research report on Monday, August 11th. Finally, Zacks Research upgraded shares of Sylvamo to a "strong sell" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $71.00.

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.