DRW Securities LLC Invests $225,000 in Sylvamo Co. (NYSE:SLVM)

DRW Securities LLC purchased a new stake in Sylvamo Co. (NYSE:SLVM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,850 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors have also modified their holdings of the business. HighTower Advisors LLC grew its holdings in shares of Sylvamo by 473.5% during the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock valued at $1,587,000 after purchasing an additional 15,247 shares during the last quarter. State Street Corp increased its position in Sylvamo by 0.9% in the third quarter. State Street Corp now owns 1,407,303 shares of the company’s stock worth $120,817,000 after buying an additional 12,181 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Sylvamo by 5.0% in the third quarter. Orion Portfolio Solutions LLC now owns 9,046 shares of the company’s stock valued at $777,000 after buying an additional 431 shares during the last quarter. Barclays PLC boosted its holdings in shares of Sylvamo by 324.6% during the third quarter. Barclays PLC now owns 62,435 shares of the company’s stock valued at $5,360,000 after acquiring an additional 47,730 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sylvamo by 3.1% during the third quarter. Geode Capital Management LLC now owns 915,997 shares of the company’s stock worth $78,652,000 after acquiring an additional 27,859 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

Sylvamo Stock Up 2.4 %

SLVM opened at $60.33 on Friday. The stock’s 50 day moving average price is $67.45 and its 200 day moving average price is $78.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The stock has a market cap of $2.46 billion, a P/E ratio of 8.37, a P/E/G ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a 12 month low of $54.94 and a 12 month high of $98.02.

Sylvamo (NYSE:SLVM) 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%. As a group, research analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently declared 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio is currently 24.97%.

Insider Transactions at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s 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.