Rock Point Advisors LLC Acquires 36,862 Shares of Sylvamo Corporation $SLVM

Rock Point Advisors LLC lifted its holdings in Sylvamo Corporation (NYSE:SLVM) by 81.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 82,049 shares of the company’s stock after buying an additional 36,862 shares during the quarter. Rock Point Advisors LLC’s holdings in Sylvamo were worth $3,628,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SLVM. Canada Pension Plan Investment Board bought a new position in Sylvamo in the second quarter valued at approximately $15,030,000. Fourth Sail Capital LP bought a new stake in shares of Sylvamo during the second quarter worth $8,146,000. Qube Research & Technologies Ltd raised its holdings in shares of Sylvamo by 79.4% during the second quarter. Qube Research & Technologies Ltd now owns 256,530 shares of the company’s stock worth $12,852,000 after acquiring an additional 113,499 shares during the period. Invesco Ltd. lifted its position in Sylvamo by 26.0% in the 2nd quarter. Invesco Ltd. now owns 429,783 shares of the company’s stock valued at $21,532,000 after acquiring an additional 88,562 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in 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. 91.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Sylvamo Trading Up 2.2%

Sylvamo stock opened at $47.28 on Wednesday. The firm has a 50-day moving average of $49.35 and a 200-day moving average of $46.49. Sylvamo Corporation has a one year low of $37.51 and a one year high of $69.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.50 and a quick ratio of 0.92. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.54 and a beta of 0.96.

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

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.8%. Sylvamo’s dividend payout ratio is currently 55.21%.

Sylvamo Profile

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.