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

Jane Street Group LLC lifted its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 446.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,127 shares of the company's stock after purchasing an additional 40,959 shares during the quarter. Jane Street Group LLC owned about 0.12% of Sylvamo worth $3,961,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their price objective on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a research note on Monday.

Sylvamo Stock Up 0.6%

NYSE SLVM traded up $0.34 on Wednesday, hitting $56.31. The stock had a trading volume of 382,910 shares, compared to its average volume of 330,518. The business's fifty day moving average price is $61.84 and its 200 day moving average price is $74.62. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a 52-week low of $51.60 and a 52-week high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly 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 analysts' expectations of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Sylvamo's revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. Equities research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.20%. Sylvamo's dividend payout ratio is currently 26.32%.

Insider Transactions at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the transaction, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.74% of the company's stock.

Sylvamo 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.