Principal Financial Group Inc. Has $3.49 Million Stake in Suzano S.A. Sponsored ADR $SUZ

Principal Financial Group Inc. boosted its holdings in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 274.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 371,468 shares of the company’s stock after purchasing an additional 272,168 shares during the quarter. Principal Financial Group Inc.’s holdings in Suzano were worth $3,492,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SUZ. American Century Companies Inc. grew its holdings in shares of Suzano by 36.2% during the 2nd quarter. American Century Companies Inc. now owns 1,591,333 shares of the company’s stock worth $14,974,000 after purchasing an additional 422,897 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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 acquiring an additional 70,396 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Suzano by 4.9% in the second quarter. Balyasny Asset Management L.P. now owns 465,964 shares of the company’s stock valued at $4,385,000 after acquiring an additional 21,848 shares during the period. Waterfront Wealth Inc. raised its position in Suzano by 2.2% in the second quarter. Waterfront Wealth Inc. now owns 317,605 shares of the company’s stock worth $2,989,000 after purchasing an additional 6,822 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Suzano by 109.6% during the second quarter. JPMorgan Chase & Co. now owns 245,695 shares of the company’s stock worth $2,312,000 after purchasing an additional 128,455 shares during the period. 2.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Suzano Price Performance

Suzano stock opened at $11.18 on Tuesday. The business’s fifty day moving average is $9.60 and its two-hundred day moving average is $9.41. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.59 and a current ratio of 3.18. The firm has a market cap of $13.86 billion, a P/E ratio of 5.91, a P/E/G ratio of 0.22 and a beta of 0.72. Suzano S.A. Sponsored ADR has a 52 week low of $8.41 and a 52 week high of $11.26.

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

Suzano Dividend Announcement

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

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.