Convergence Investment Partners LLC Has $1.13 Million Stake in Sylvamo Co. (NYSE:SLVM)

Convergence Investment Partners LLC boosted its holdings in Sylvamo Co. (NYSE:SLVM) by 25.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,260 shares of the company’s stock after acquiring an additional 2,904 shares during the quarter. Convergence Investment Partners LLC’s holdings in Sylvamo were worth $1,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLVM. Principal Financial Group Inc. grew its position in shares of Sylvamo by 4.1% during the 4th quarter. Principal Financial Group Inc. now owns 182,662 shares of the company’s stock worth $14,434,000 after buying an additional 7,194 shares during the period. Savant Capital LLC increased its stake in Sylvamo by 38.6% in the fourth quarter. Savant Capital LLC now owns 7,671 shares of the company’s stock valued at $606,000 after purchasing an additional 2,138 shares in the last quarter. Empowered Funds LLC acquired a new stake in Sylvamo in the fourth quarter worth $1,199,000. Vest Financial LLC boosted its position in shares of Sylvamo by 75.0% during the fourth quarter. Vest Financial LLC now owns 30,537 shares of the company’s stock worth $2,413,000 after purchasing an additional 13,086 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Sylvamo by 22.8% in the 4th quarter. Bleakley Financial Group LLC now owns 16,381 shares of the company’s stock valued at $1,294,000 after buying an additional 3,046 shares during the period. 91.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on SLVM shares. Bank of America reiterated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective 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.

Sylvamo Trading Down 2.2 %

SLVM opened at $71.27 on Thursday. The stock has a market capitalization of $2.92 billion, a P/E ratio of 9.89, a P/E/G ratio of 2.31 and a beta of 1.12. 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 12 month low of $54.55 and a 12 month high of $98.02. The firm’s fifty day simple moving average is $78.93 and its 200 day simple moving average is $81.49.

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

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were issued a $0.45 dividend. The ex-dividend date was Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.53%. Sylvamo’s dividend payout ratio (DPR) is presently 24.97%.

Sylvamo 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.