US Bancorp DE Raises Stock Holdings in Suzano S.A. Sponsored ADR $SUZ

US Bancorp DE raised its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 1,145.9% during the 3rd quarter, Holdings Channel reports. The firm owned 87,128 shares of the company’s stock after buying an additional 80,135 shares during the quarter. US Bancorp DE’s holdings in Suzano were worth $819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of SUZ. Amundi purchased a new stake in Suzano in the first quarter valued at approximately $177,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Suzano by 16.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after acquiring an additional 1,400 shares during the period. Goldman Sachs Group Inc. lifted its stake in 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 acquiring an additional 70,396 shares during the period. Jane Street Group LLC boosted its holdings in shares of Suzano by 264.1% in the 1st quarter. Jane Street Group LLC now owns 82,760 shares of the company’s stock valued at $769,000 after acquiring an additional 60,028 shares during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of Suzano by 24.8% in the 2nd quarter. Metis Global Partners LLC now owns 232,174 shares of the company’s stock valued at $2,185,000 after acquiring an additional 46,177 shares during the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Stock Performance

NYSE:SUZ opened at $10.41 on Friday. Suzano S.A. Sponsored ADR has a twelve month low of $8.41 and a twelve month high of $11.53. The company has a market cap of $12.91 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.20 and a beta of 0.67. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 2.09. The company’s 50-day moving average price is $10.10 and its 200-day moving average price is $9.54.

Suzano (NYSE:SUZ) last released its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.30 billion. Suzano had a net margin of 26.11% and a return on equity of 30.84%. On average, sell-side analysts forecast that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current fiscal year.

Suzano Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, February 11th. Shareholders of record on Monday, December 22nd were paid a $0.2036 dividend. The ex-dividend date of this dividend was Monday, December 22nd. Suzano’s dividend payout ratio (DPR) is 9.52%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Finally, Jefferies Financial Group started coverage on Suzano in a report on Thursday, February 5th. They issued a “buy” rating and a $13.40 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $13.40.

Suzano Company 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.