Orion Portfolio Solutions LLC Boosts Holdings in Sylvamo Co. (NYSE:SLVM)

Orion Portfolio Solutions LLC boosted its stake in Sylvamo Co. (NYSE:SLVM) by 5.0% in the third quarter, Holdings Channel.com reports. The fund owned 9,046 shares of the company’s stock after buying an additional 431 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Sylvamo were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SLVM. Pacer Advisors Inc. boosted its holdings in shares of Sylvamo by 83,084.0% in the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after acquiring an additional 2,301,427 shares during the period. State Street Corp grew its position in Sylvamo by 0.9% during the 3rd quarter. State Street Corp now owns 1,407,303 shares of the company’s stock worth $120,817,000 after purchasing an additional 12,181 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Sylvamo by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock valued at $90,276,000 after purchasing an additional 62,157 shares during the period. FMR LLC increased its stake in Sylvamo by 4.4% in the third quarter. FMR LLC now owns 724,391 shares of the company’s stock valued at $62,189,000 after purchasing an additional 30,345 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Sylvamo by 53.2% in the second quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock valued at $45,479,000 after buying an additional 230,291 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $87.99 on Tuesday. Sylvamo Co. has a 52 week low of $44.94 and a 52 week high of $98.02. The company has a 50-day moving average price of $87.89 and a 200 day moving average price of $78.82. The company has a market cap of $3.61 billion, a P/E ratio of 13.68, a PEG ratio of 2.92 and a beta of 1.08. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results 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. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 earnings per share. Research analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SLVM. Bank of America restated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th. Sidoti initiated coverage on Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target for the company.

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.