Suzano S.A. Sponsored ADR $SUZ Shares Newly Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. bought a new stake in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,306 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in Suzano by 30,234.5% during the second quarter. Wellington Management Group LLP now owns 4,211,039 shares of the company’s stock worth $32,678,000 after acquiring an additional 4,197,157 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. raised its position in Suzano by 565.2% during the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company’s stock valued at $25,918,000 after purchasing an additional 2,200,000 shares during the period. Kapitalo Investimentos Ltda increased its position in shares of Suzano by 39.6% during the 1st quarter. Kapitalo Investimentos Ltda now owns 1,094,733 shares of the company’s stock valued at $10,958,000 after purchasing an additional 310,283 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Suzano by 41.7% during the 1st quarter. Renaissance Technologies LLC now owns 714,300 shares of the company’s stock valued at $7,150,000 after purchasing an additional 210,200 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Suzano by 23.1% during the 1st quarter. Principal Financial Group Inc. now owns 603,558 shares of the company’s stock valued at $6,042,000 after buying an additional 113,070 shares during the period. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Suzano Stock Up 2.1%

Shares of NYSE SUZ opened at $8.82 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.38 and a quick ratio of 2.75. The company has a market cap of $10.94 billion, a P/E ratio of 7.00, a PEG ratio of 0.12 and a beta of 0.50. Suzano S.A. Sponsored ADR has a 1 year low of $7.55 and a 1 year high of $11.53. The firm has a 50-day simple moving average of $8.77 and a two-hundred day simple moving average of $9.05.

Suzano (NYSE:SUZ) last announced its earnings results on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $2.24 billion during the quarter. Suzano had a return on equity of 14.92% and a net margin of 17.20%. Research analysts anticipate that Suzano S.A. Sponsored ADR will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America upgraded Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Monday, August 24th. Weiss Ratings cut shares of Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Finally, Zacks Research upgraded shares of Suzano from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Suzano currently has an average rating of “Hold” and a consensus price target of $13.20.

About Suzano

Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.