Sylvamo Co. (NYSE:SLVM) Shares Bought by Jane Street Group LLC

Jane Street Group LLC lifted its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 446.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,127 shares of the company's stock after purchasing an additional 40,959 shares during the period. Jane Street Group LLC owned 0.12% of Sylvamo worth $3,961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 403 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after buying an additional 201 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after buying an additional 214 shares during the period. Covestor Ltd increased its stake in shares of Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after buying an additional 641 shares during the period. Finally, KBC Group NV raised its holdings in shares of Sylvamo by 80.2% in the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after acquiring an additional 817 shares in the last quarter. Institutional investors own 91.16% of the company's stock.

Sylvamo Stock Up 0.4%

NYSE:SLVM traded up $0.25 during trading hours on Friday, reaching $56.18. The company's stock had a trading volume of 59,183 shares, compared to its average volume of 366,581. The stock has a 50 day moving average price of $61.45 and a two-hundred day moving average price of $74.29. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The company has a market capitalization of $2.29 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. Sylvamo Co. has a 12 month low of $51.60 and a 12 month high of $98.02.

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

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 3.20%. Sylvamo's payout ratio is 26.32%.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their target price on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a report on Monday.

Insider Activity

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value 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. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.74% of the company's stock.

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.