LSV Asset Management Has $141.58 Million Stock Holdings in Sylvamo Co. (NYSE:SLVM)

LSV Asset Management increased its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,791,684 shares of the company's stock after buying an additional 66,180 shares during the period. LSV Asset Management owned about 4.37% of Sylvamo worth $141,579,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SLVM. Smartleaf Asset Management LLC raised its holdings in shares of Sylvamo by 182.4% during 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 period. GAMMA Investing LLC increased its position in shares of Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after purchasing an additional 201 shares during the last quarter. Fifth Third Bancorp raised its stake in Sylvamo by 40.9% in 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sylvamo in the 3rd quarter valued at $82,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Sylvamo by 277.9% in the 4th quarter. Fortitude Family Office LLC now owns 1,678 shares of the company's stock valued at $133,000 after acquiring an additional 1,234 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Stock Performance

SLVM traded up $0.60 on Wednesday, hitting $60.45. 92,802 shares of the company's stock were exchanged, compared to its average volume of 322,833. The firm has a market cap of $2.46 billion, a PE ratio of 8.38, a P/E/G ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a twelve month low of $54.94 and a twelve 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 fifty day moving average of $66.71 and a two-hundred day moving average of $78.12.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. On average, research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.98%. Sylvamo's dividend payout ratio is currently 24.97%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their price objective on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the business'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 owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company's stock.

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.