Savant Capital LLC Purchases Shares of 5,181 Sylvamo Corporation $SLVM

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

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SLVM. Bank of America upgraded Sylvamo from an “underperform” rating to a “buy” rating and increased their price target for the company from $41.00 to $59.00 in a research report on Monday. Zacks Research upgraded shares of Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their price target on shares of Sylvamo from $47.00 to $49.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. One 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.00.

Sylvamo Trading Down 1.1%

NYSE:SLVM opened at $45.17 on Wednesday. The stock has a market cap of $1.78 billion, a PE ratio of 10.34 and a beta of 0.96. Sylvamo Corporation has a fifty-two week low of $37.51 and a fifty-two week high of $96.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.85. The stock’s 50-day moving average is $43.26 and its two-hundred day moving average is $47.73.

Sylvamo (NYSE:SLVM) last posted 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). The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $840.32 million. Sylvamo had a return on equity of 19.72% and a net margin of 5.25%.The business’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share. As a group, equities research analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

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

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.