Principal Financial Group Inc. Has $6.04 Million Stock Position in Suzano S.A. Sponsored ADR $SUZ

Principal Financial Group Inc. lifted its position in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 603,558 shares of the company’s stock after buying an additional 113,070 shares during the period. Principal Financial Group Inc.’s holdings in Suzano were worth $6,042,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SUZ. Amundi acquired a new position in Suzano in the first quarter valued at about $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock worth $93,000 after purchasing an additional 1,400 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Suzano by 14.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,366 shares of the company’s stock valued at $5,178,000 after purchasing an additional 70,396 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Suzano by 264.1% during the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock valued at $769,000 after purchasing an additional 60,028 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Suzano by 109.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock valued at $2,312,000 after purchasing an additional 128,455 shares during the period. Institutional investors and hedge funds own 2.55% of the company’s stock.

Suzano Stock Performance

Shares of Suzano stock opened at $8.21 on Tuesday. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 4.89, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56. The stock’s 50-day moving average is $8.15 and its 200-day moving average is $9.23. Suzano S.A. Sponsored ADR has a one year low of $7.55 and a one year high of $11.53. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SUZ shares. Bank of America cut Suzano from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Zacks Research upgraded shares of Suzano from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Suzano presently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Suzano Profile

Suzano SA is a Brazil-based pulp and paper company recognized as one of the world’s leading producers of eucalyptus pulp. The company develops and supplies a wide range of fiber-based products that serve global demand in printing and writing papers, tissue paper, packaging, and specialty paper markets. With an extensive network of industrial units and logistics operations, Suzano manages every stage of production from forest plantations to final delivery, emphasizing integrated operations and quality control.

At the core of Suzano’s business is its sustainable forestry model, which covers more than one million hectares of managed eucalyptus plantations across Brazil.