Squarepoint Ops LLC Buys New Shares in Sylvamo Co. (NYSE:SLVM)

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

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

Insiders Place Their Bets

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the transaction, the chief executive officer now directly owns 153,144 shares in the company, valued at $10,035,526.32. This represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price objective on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th.

Sylvamo Price Performance

Shares of Sylvamo stock traded up $0.50 on Friday, hitting $53.73. The company's stock had a trading volume of 152,122 shares, compared to its average volume of 333,475. Sylvamo Co. has a 52-week low of $51.55 and a 52-week high of $98.02. The company has a market capitalization of $2.19 billion, a P/E ratio of 7.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07. The firm has a fifty day moving average price of $58.02 and a 200-day moving average price of $70.87. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The firm had revenue of $821.00 million for the quarter, compared to analysts' expectations of $819.61 million. During the same period in the previous year, the company posted $1.07 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.35%. Sylvamo's dividend payout ratio (DPR) is presently 26.32%.

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.