WINTON GROUP Ltd Raises Position in Sylvamo Corporation $SLVM

WINTON GROUP Ltd grew its position in shares of Sylvamo Corporation (NYSE:SLVM) by 802.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,521 shares of the company’s stock after buying an additional 58,262 shares during the quarter. WINTON GROUP Ltd owned 0.17% of Sylvamo worth $2,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SLVM. Canada Pension Plan Investment Board purchased a new position in Sylvamo in the second quarter worth about $15,030,000. Qube Research & Technologies Ltd increased its position in shares of Sylvamo by 79.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 256,530 shares of the company’s stock valued at $12,852,000 after purchasing an additional 113,499 shares during the last quarter. Invesco Ltd. increased its position in shares of Sylvamo by 26.0% during the 2nd quarter. Invesco Ltd. now owns 429,783 shares of the company’s stock valued at $21,532,000 after purchasing an additional 88,562 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Sylvamo by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock worth $57,086,000 after purchasing an additional 87,095 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of Sylvamo by 74.4% in the 2nd quarter. Squarepoint Ops LLC now owns 158,497 shares of the company’s stock worth $7,941,000 after purchasing an additional 67,616 shares during the period. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $43.57 on Wednesday. The stock has a market cap of $1.72 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.50 and a beta of 0.96. Sylvamo Corporation has a 1 year low of $37.51 and a 1 year high of $68.76. The firm has a fifty day moving average price of $48.94 and a 200-day moving average price of $46.53. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.50 and a quick ratio of 0.92.

Sylvamo (NYSE:SLVM) last released its earnings results on Thursday, February 12th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. Sylvamo had a net margin of 3.94% and a return on equity of 15.12%. The company had revenue of $890.00 million for the quarter, compared to analysts’ expectations of $858.76 million. During the same quarter in the previous year, the company earned $1.96 EPS. Sylvamo’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, April 7th. Sylvamo’s payout ratio is presently 55.21%.

Insider Buying and Selling at Sylvamo

In other news, SVP Rodrigo Davoli sold 3,250 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $46.46, for a total value of $150,995.00. Following the completion of the transaction, the senior vice president owned 46,484 shares of the company’s stock, valued at $2,159,646.64. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SLVM has been the subject of several recent research reports. Bank of America upgraded shares of Sylvamo from an “underperform” rating to a “buy” rating and boosted their target price for the company from $41.00 to $59.00 in a research report on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $53.00 price objective on shares of Sylvamo in a research report on Thursday, December 18th. One equities 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.00.

About Sylvamo

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.