Sylvamo (NYSE:SLVM) Trading Down 9.7% – Should You Sell?

Sylvamo Co. (NYSE:SLVM)’s share price was down 9.7% during mid-day trading on Wednesday . The company traded as low as $68.36 and last traded at $68.75. Approximately 56,650 shares were traded during trading, a decline of 77% from the average daily volume of 241,966 shares. The stock had previously closed at $76.12.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Bank of America reaffirmed an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday.

Sylvamo Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The stock has a market cap of $2.94 billion, a P/E ratio of 11.16, a PEG ratio of 2.22 and a beta of 1.12. The stock has a fifty day simple moving average of $80.73 and a 200-day simple moving average of $81.53.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. Equities analysts expect that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s payout ratio is presently 27.99%.

Institutional Investors Weigh In On Sylvamo

Several large investors have recently modified their holdings of SLVM. Mirabella Financial Services LLP acquired a new position in shares of Sylvamo in the 4th quarter valued at approximately $1,576,000. MetLife Investment Management LLC lifted its stake in Sylvamo by 8.0% in the fourth quarter. MetLife Investment Management LLC now owns 21,287 shares of the company’s stock valued at $1,682,000 after buying an additional 1,581 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Sylvamo by 39.7% in the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company’s stock valued at $93,045,000 after buying an additional 334,792 shares during the period. Farringdon Capital Ltd. bought a new stake in shares of Sylvamo during the fourth quarter worth $371,000. Finally, Jump Financial LLC acquired a new stake in shares of Sylvamo during the fourth quarter worth $850,000. 91.16% of the stock is currently owned by institutional investors.

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.