PDT Partners LLC Makes New $284,000 Investment in Sylvamo Co. (NYSE:SLVM)

PDT Partners LLC purchased a new position in shares of Sylvamo Co. (NYSE:SLVM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,304 shares of the company’s stock, valued at approximately $284,000.

Several other large investors also recently bought and sold shares of SLVM. Pacer Advisors Inc. increased its holdings in Sylvamo by 83,084.0% during the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock worth $197,815,000 after purchasing an additional 2,301,427 shares during the period. SG Americas Securities LLC purchased a new stake in Sylvamo during the 2nd quarter worth about $62,101,000. American Century Companies Inc. increased its holdings in Sylvamo by 53.2% during the 2nd quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock worth $45,479,000 after purchasing an additional 230,291 shares during the period. Acadian Asset Management LLC purchased a new stake in Sylvamo during the 2nd quarter worth about $9,997,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Sylvamo by 6,693.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock valued at $5,931,000 after acquiring an additional 68,068 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Trading Down 1.3 %

NYSE:SLVM opened at $91.92 on Wednesday. The stock’s 50 day moving average price is $86.78 and its 200 day moving average price is $77.66. The company has a market capitalization of $3.77 billion, a PE ratio of 14.30 and a beta of 1.08. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. On average, research analysts anticipate that Sylvamo Co. will post 7.07 EPS for the current year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.96%. Sylvamo’s dividend payout ratio is presently 27.99%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SLVM shares. Bank of America increased their price objective on Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Royal Bank of Canada increased their price objective on Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Sidoti started coverage on Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the stock.

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.