Northern Trust Corp Purchases 132,516 Shares of Suzano S.A. (NYSE:SUZ)

Northern Trust Corp raised its position in Suzano S.A. (NYSE:SUZ) by 67.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 327,790 shares of the company’s stock after buying an additional 132,516 shares during the period. Northern Trust Corp’s holdings in Suzano were worth $3,317,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its stake in Suzano by 69.2% in the 4th quarter. Lindbrook Capital LLC now owns 3,004 shares of the company’s stock valued at $30,000 after buying an additional 1,229 shares during the last quarter. Blue Trust Inc. increased its stake in Suzano by 222.7% in the 4th quarter. Blue Trust Inc. now owns 6,592 shares of the company’s stock valued at $67,000 after buying an additional 4,549 shares during the last quarter. Signaturefd LLC increased its stake in Suzano by 28.9% in the 4th quarter. Signaturefd LLC now owns 7,969 shares of the company’s stock valued at $81,000 after buying an additional 1,787 shares during the last quarter. US Bancorp DE increased its stake in Suzano by 20.3% in the 4th quarter. US Bancorp DE now owns 9,177 shares of the company’s stock valued at $93,000 after buying an additional 1,547 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Suzano in the 4th quarter valued at about $109,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Trading Down 0.3%

NYSE:SUZ opened at $9.38 on Friday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.40 and a current ratio of 1.72. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 14.88 and a beta of 0.94. Suzano S.A. has a 52 week low of $8.41 and a 52 week high of $10.98. The firm has a 50-day moving average price of $9.12 and a two-hundred day moving average price of $9.83.

Suzano (NYSE:SUZ) last released its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $11.82 billion. Suzano had a negative net margin of 14.93% and a negative return on equity of 17.30%. On average, equities analysts expect that Suzano S.A. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Suzano to a “strong-buy” rating in a research note on Thursday, April 10th.

Suzano Profile

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.