Edgestream Partners L.P. Takes Position in Sylvamo Co. (NYSE:SLVM)

Edgestream Partners L.P. acquired a new stake in Sylvamo Co. (NYSE:SLVM) during the fourth quarter, Holdings Channel.com reports. The firm acquired 6,926 shares of the company’s stock, valued at approximately $547,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLVM. GAMMA Investing LLC increased its position in 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 buying an additional 201 shares in the last quarter. Fifth Third Bancorp increased its position in Sylvamo by 40.9% in the 4th 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. Steward Partners Investment Advisory LLC increased its position in Sylvamo by 12.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock valued at $159,000 after buying an additional 218 shares in the last quarter. Wedmont Private Capital increased its position in Sylvamo by 7.9% in the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock valued at $281,000 after buying an additional 273 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in Sylvamo by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company’s stock valued at $363,000 after buying an additional 300 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the transaction, the chief executive officer now owns 153,144 shares in the company, valued at $10,035,526.32. The trade was a 12.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank of Canada decreased their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Bank of America reaffirmed an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Stock Performance

Shares of SLVM opened at $64.93 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The stock has a 50 day moving average price of $74.75 and a two-hundred day moving average price of $80.91. The firm has a market capitalization of $2.63 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 52 week low of $56.20 and a 52 week high of $98.02.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping 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%. Equities analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.77%. Sylvamo’s payout ratio is presently 24.97%.

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.