Jacobs Levy Equity Management Inc. Sells 1,742 Shares of Sylvamo Co. (NYSE:SLVM)

Jacobs Levy Equity Management Inc. lowered its position in Sylvamo Co. (NYSE:SLVM) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,309 shares of the company’s stock after selling 1,742 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.94% of Sylvamo worth $23,851,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SummerHaven Investment Management LLC increased its position in shares of Sylvamo by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 16,563 shares of the company’s stock valued at $813,000 after buying an additional 233 shares in the last quarter. Donoghue Forlines LLC boosted its stake in Sylvamo by 4.0% in the 4th quarter. Donoghue Forlines LLC now owns 7,135 shares of the company’s stock worth $350,000 after purchasing an additional 275 shares during the period. Vise Technologies Inc. boosted its stake in Sylvamo by 2.4% in the 4th quarter. Vise Technologies Inc. now owns 13,210 shares of the company’s stock worth $649,000 after purchasing an additional 312 shares during the period. Texas Permanent School Fund Corp boosted its stake in Sylvamo by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 30,912 shares of the company’s stock worth $1,909,000 after purchasing an additional 400 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Sylvamo by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,211 shares of the company’s stock worth $445,000 after purchasing an additional 497 shares during the period. Institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price objective on shares of Sylvamo from $56.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Monday, May 13th.

Sylvamo Stock Performance

NYSE:SLVM traded down $1.63 during mid-day trading on Tuesday, hitting $74.37. The stock had a trading volume of 234,409 shares, compared to its average volume of 329,978. Sylvamo Co. has a twelve month low of $37.59 and a twelve month high of $77.32. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.37 and a beta of 1.07. The company’s 50 day simple moving average is $69.99 and its 200 day simple moving average is $62.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.72.

Sylvamo (NYSE:SLVM) last issued its earnings results on Friday, May 10th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. Sylvamo had a net margin of 5.40% and a return on equity of 24.67%. The business had revenue of $905.00 million during the quarter, compared to the consensus estimate of $864.38 million. During the same period last year, the business posted $2.51 EPS. Sylvamo’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts forecast that Sylvamo Co. will post 6.9 earnings per share for the current year.

Sylvamo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Monday, July 8th were issued a $0.45 dividend. This is a boost from Sylvamo’s previous quarterly dividend of $0.30. This represents a $1.80 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Monday, July 8th. Sylvamo’s dividend payout ratio is currently 38.38%.

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.