UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Sylvamo Co. (NYSE:SLVM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Sylvamo Co. (NYSE:SLVM) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,931 shares of the company’s stock after selling 3,992 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Sylvamo worth $5,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in Sylvamo by 83,084.0% in 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. Dimensional Fund Advisors LP increased its position in shares of Sylvamo by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock valued at $90,276,000 after acquiring an additional 62,157 shares during the period. FMR LLC increased its position in shares of Sylvamo by 4.4% in the third quarter. FMR LLC now owns 724,391 shares of the company’s stock valued at $62,189,000 after acquiring an additional 30,345 shares during the period. American Century Companies Inc. increased its position in shares of Sylvamo by 53.2% in the second quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock valued at $45,479,000 after acquiring an additional 230,291 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Sylvamo by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 483,621 shares of the company’s stock valued at $33,176,000 after acquiring an additional 1,779 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $89.50 on Wednesday. Sylvamo Co. has a 1 year low of $44.94 and a 1 year high of $98.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The company’s 50-day moving average is $87.24 and its 200 day moving average is $78.20. The stock has a market capitalization of $3.67 billion, a P/E ratio of 14.17 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Sylvamo’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts expect that Sylvamo Co. will post 7.06 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed 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. This represents a $1.80 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, October 3rd. Sylvamo’s payout ratio is currently 27.99%.

Analyst Ratings Changes

A number of research firms have issued reports on SLVM. Sidoti initiated coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the stock. Bank of America boosted their price target on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd.

Sylvamo Company 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.