XTX Topco Ltd Invests $594,000 in Sylvamo Co. (NYSE:SLVM)

XTX Topco Ltd bought a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,513 shares of the company's stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also modified their holdings of SLVM. Mariner LLC increased its holdings in Sylvamo by 4.4% during the 4th quarter. Mariner LLC now owns 49,379 shares of the company's stock valued at $3,902,000 after purchasing an additional 2,098 shares in the last quarter. Barclays PLC increased its stake in shares of Sylvamo by 1.1% in the 4th quarter. Barclays PLC now owns 63,100 shares of the company's stock valued at $4,986,000 after buying an additional 665 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Sylvamo by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company's stock valued at $288,000 after buying an additional 193 shares during the period. Townsquare Capital LLC increased its stake in shares of Sylvamo by 134.7% in the 4th quarter. Townsquare Capital LLC now owns 6,844 shares of the company's stock valued at $541,000 after buying an additional 3,928 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Sylvamo by 11.5% in the 4th quarter. Sterling Capital Management LLC now owns 7,426 shares of the company's stock valued at $587,000 after buying an additional 764 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Trading Up 1.7 %

SLVM stock traded up $0.99 during midday trading on Thursday, hitting $60.24. 31,991 shares of the company's stock were exchanged, compared to its average volume of 370,100. The company has a market cap of $2.45 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The stock's fifty day moving average price is $65.01 and its 200-day moving average price is $77.19. Sylvamo Co. has a one year low of $54.94 and a one year high of $98.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56.

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

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. Sylvamo's dividend payout ratio (DPR) is 24.97%.

Analyst Ratings Changes

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

Insider Transactions at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available 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.