Savant Capital LLC Takes Position in Sylvamo Corporation $SLVM

Savant Capital LLC purchased a new stake in Sylvamo Corporation (NYSE:SLVM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,181 shares of the company’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its stake in Sylvamo by 2.7% in the second quarter. Teacher Retirement System of Texas now owns 40,258 shares of the company’s stock valued at $2,017,000 after acquiring an additional 1,062 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Sylvamo during the 2nd quarter valued at $7,462,000. Nisa Investment Advisors LLC lifted its stake in shares of Sylvamo by 26.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,539 shares of the company’s stock valued at $979,000 after purchasing an additional 4,134 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Sylvamo by 556.5% in the 2nd quarter. AlphaQuest LLC now owns 18,146 shares of the company’s stock valued at $909,000 after purchasing an additional 15,382 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in Sylvamo by 203.8% in the second quarter. First Citizens Bank & Trust Co. now owns 9,078 shares of the company’s stock worth $455,000 after purchasing an additional 6,090 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

NYSE SLVM opened at $45.17 on Wednesday. The stock has a 50-day simple moving average of $43.26 and a 200 day simple moving average of $47.73. Sylvamo Corporation has a twelve month low of $37.51 and a twelve month high of $96.42. The stock has a market capitalization of $1.78 billion, a PE ratio of 10.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.52.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.13). Sylvamo had a return on equity of 19.72% and a net margin of 5.25%.The business had revenue of $846.00 million during the quarter, compared to the consensus estimate of $840.32 million. During the same period in the prior year, the firm earned $2.44 earnings per share. The business’s quarterly revenue was down 12.3% on a year-over-year basis. Research analysts anticipate that Sylvamo Corporation will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 4.0%. Sylvamo’s payout ratio is 41.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SLVM shares. Bank of America upgraded Sylvamo from an “underperform” rating to a “buy” rating and raised their target price for the company from $41.00 to $59.00 in a report on Monday. Royal Bank Of Canada raised their price objective on Sylvamo from $47.00 to $49.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Sylvamo to a “strong sell” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sylvamo has an average rating of “Hold” and a consensus price target of $54.00.

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.