Jacobs Levy Equity Management Inc. Sells 136,128 Shares of Sylvamo Co. (NYSE:SLVM)

Jacobs Levy Equity Management Inc. reduced its stake in Sylvamo Co. (NYSE:SLVM) by 56.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,600 shares of the company’s stock after selling 136,128 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Sylvamo were worth $8,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SLVM. Jefferies Financial Group Inc. acquired a new stake in Sylvamo during the 4th quarter worth $4,752,000. Deutsche Bank AG raised its stake in Sylvamo by 48.0% during the 4th quarter. Deutsche Bank AG now owns 31,474 shares of the company’s stock worth $2,487,000 after buying an additional 10,204 shares during the period. Corton Capital Inc. acquired a new stake in Sylvamo during the 4th quarter worth $258,000. BOKF NA raised its stake in Sylvamo by 21.6% during the 4th quarter. BOKF NA now owns 17,938 shares of the company’s stock worth $1,351,000 after buying an additional 3,182 shares during the period. Finally, Bridgeway Capital Management LLC acquired a new stake in Sylvamo during the 4th quarter worth $3,595,000. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Performance

SLVM opened at $55.93 on Wednesday. The business’s 50-day moving average price is $61.84 and its two-hundred day moving average price is $74.62. Sylvamo Co. has a 1 year low of $51.60 and a 1 year high of $98.02. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 2.23 and a beta of 1.18. 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 Friday, May 9th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The firm had revenue of $821.00 million during the quarter, compared to analyst estimates of $819.61 million. During the same period in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts expect that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, April 8th. Sylvamo’s dividend payout ratio is 26.32%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price objective on Sylvamo from $70.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Monday.

Insider Buying and Selling at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.74% of the company’s stock.

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.