Farringdon Capital Ltd. Makes New Investment in Sylvamo Co. (NYSE:SLVM)

Farringdon Capital Ltd. bought a new position in Sylvamo Co. (NYSE:SLVM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,701 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its holdings in Sylvamo by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company’s stock worth $288,000 after acquiring an additional 193 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after purchasing an additional 201 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after purchasing an additional 214 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock valued at $159,000 after buying an additional 218 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in Sylvamo by 7.9% in the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock worth $281,000 after buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Trading Up 2.0 %

NYSE:SLVM opened at $60.67 on Friday. Sylvamo Co. has a one year low of $54.94 and a one year high of $98.02. The business has a fifty day moving average price of $65.74 and a 200-day moving average price of $77.67. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth 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 (NYSE:SLVM) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s payout ratio is 24.97%.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the sale, the chief executive officer now directly owns 153,144 shares of the company’s stock, valued at $10,035,526.32. This trade represents a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th.

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.