Jefferies Financial Group Inc. Invests $4.75 Million in Sylvamo Co. (NYSE:SLVM)

Jefferies Financial Group Inc. acquired a new stake in shares of Sylvamo Co. (NYSE:SLVM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 60,133 shares of the company’s stock, valued at approximately $4,752,000. Jefferies Financial Group Inc. owned about 0.15% of Sylvamo as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in Sylvamo by 182.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock worth $49,000 after buying an additional 403 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 lifted its holdings in shares of Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after acquiring an additional 214 shares during the period. Covestor Ltd boosted its position in shares of Sylvamo by 464.5% during the 4th quarter. Covestor Ltd now owns 779 shares of the company’s stock valued at $62,000 after acquiring an additional 641 shares in the last quarter. Finally, KBC Group NV increased its stake in Sylvamo by 80.2% in the fourth quarter. KBC Group NV now owns 1,836 shares of the company’s stock valued at $145,000 after acquiring an additional 817 shares during the period. Institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada lowered their price objective on Sylvamo from $70.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Monday.

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.53, for a total value of $1,392,512.50. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.74% of the stock is owned by corporate insiders.

Sylvamo Stock Performance

NYSE:SLVM opened at $52.83 on Tuesday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 1 year low of $51.60 and a 1 year high of $98.02. The firm has a 50 day moving average of $62.09 and a 200-day moving average of $74.75.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $819.61 million. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. As a group, sell-side analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were issued a $0.45 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.41%. Sylvamo’s dividend payout ratio is 26.32%.

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.