Squarepoint Ops LLC Purchases New Holdings in Sylvamo Co. (NYSE:SLVM)

Squarepoint Ops LLC purchased a new stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,712 shares of the company's stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after acquiring an additional 403 shares during the period. Covestor Ltd lifted its position in Sylvamo by 464.5% in the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after purchasing an additional 641 shares during the last quarter. KBC Group NV boosted its stake in shares of Sylvamo by 80.2% during the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after purchasing an additional 817 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock valued at $159,000 after purchasing an additional 218 shares during the period. Finally, DRW Securities LLC bought a new position in shares of Sylvamo in the fourth quarter worth approximately $225,000. 91.16% of the stock is owned by institutional investors.

Insider Activity at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a report on Monday, May 12th.

Sylvamo Trading Down 0.1%

NYSE:SLVM traded down $0.05 during mid-day trading on Monday, reaching $53.77. 239,419 shares of the company's stock traded hands, compared to its average volume of 333,770. Sylvamo Co. has a 12-month low of $51.55 and a 12-month 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 company has a 50 day moving average price of $57.75 and a 200-day moving average price of $70.40. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 2.23 and a beta of 1.07.

Sylvamo (NYSE:SLVM - Get Free Report) last announced 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). The business had revenue of $821.00 million during the quarter, compared to analysts' expectations of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The business's revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. On average, sell-side analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's payout ratio is 26.32%.

About Sylvamo

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.