Two Sigma Investments LP Takes Position in Sylvamo Co. (NYSE:SLVM)

Two Sigma Investments LP acquired a new position in Sylvamo Co. (NYSE:SLVM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,582 shares of the company's stock, valued at approximately $994,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LSV Asset Management boosted its stake in shares of Sylvamo by 3.8% in the fourth quarter. LSV Asset Management now owns 1,791,684 shares of the company's stock valued at $141,579,000 after purchasing an additional 66,180 shares during the period. First Trust Advisors LP boosted its stake in shares of Sylvamo by 39.7% in the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock valued at $93,045,000 after purchasing an additional 334,792 shares during the period. American Century Companies Inc. boosted its stake in shares of Sylvamo by 15.2% in the fourth quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock valued at $80,289,000 after purchasing an additional 134,066 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sylvamo by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 923,792 shares of the company's stock valued at $73,011,000 after purchasing an additional 7,795 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Sylvamo by 16.6% in the fourth quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company's stock valued at $40,139,000 after purchasing an additional 72,226 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at $8,591,575.16. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is owned by insiders.

Sylvamo Stock Up 0.9%

NYSE SLVM traded up $0.50 during trading hours on Friday, reaching $53.73. 152,122 shares of the company traded hands, compared to its average volume of 333,475. Sylvamo Co. has a 12 month low of $51.55 and a 12 month high of $98.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $2.19 billion, a PE ratio of 7.45, a PEG ratio of 2.23 and a beta of 1.07. The company has a 50 day moving average of $58.02 and a two-hundred day moving average of $70.87.

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

Sylvamo Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced 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 note on Monday, May 12th.

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.