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 the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,850 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after purchasing an additional 403 shares in the last quarter. GAMMA Investing LLC boosted its position in Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after acquiring an additional 201 shares during the period. Fifth Third Bancorp grew its stake in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after acquiring an additional 214 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sylvamo during the 3rd quarter valued at about $82,000. Finally, Fortitude Family Office LLC lifted its position in shares of Sylvamo by 277.9% in the fourth quarter. Fortitude Family Office LLC now owns 1,678 shares of the company’s stock worth $133,000 after purchasing an additional 1,234 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the completion of the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $10,035,526.32. The trade was a 12.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered 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 Performance

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

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio 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.