19,018 Shares in Sylvamo Co. (NYSE:SLVM) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Sylvamo Co. (NYSE:SLVM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 19,018 shares of the company’s stock, valued at approximately $1,633,000.

Several other large investors also recently bought and sold shares of SLVM. CWM LLC increased its holdings in Sylvamo by 62.5% in the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after buying an additional 157 shares in the last quarter. Independence Bank of Kentucky increased its holdings in Sylvamo by 6,733.3% in the 2nd quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock worth $28,000 after buying an additional 404 shares in the last quarter. Fifth Third Bancorp increased its holdings in Sylvamo by 149.3% in the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after buying an additional 303 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after buying an additional 239 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after buying an additional 171 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Trading Up 4.9 %

Shares of NYSE:SLVM opened at $95.37 on Tuesday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 14.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. The stock’s 50-day simple moving average is $85.61 and its two-hundred day simple moving average is $76.67. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. During the same period in the previous year, the firm earned $1.70 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts expect that Sylvamo Co. will post 7.07 EPS for the current year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.89%. Sylvamo’s payout ratio is currently 27.99%.

Analysts Set New Price Targets

Several research firms recently commented on SLVM. Bank of America lifted their price objective on Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Royal Bank of Canada raised their target price on Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Finally, Sidoti initiated coverage on Sylvamo in a research report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 target price on the 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.