American Century Companies Inc. Purchases 77,356 Shares of Suzano S.A. Sponsored ADR $SUZ

American Century Companies Inc. raised its position in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,668,689 shares of the company’s stock after buying an additional 77,356 shares during the quarter. American Century Companies Inc. owned about 0.13% of Suzano worth $15,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Suzano by 10.5% in the second quarter. PNC Financial Services Group Inc. now owns 11,958 shares of the company’s stock worth $113,000 after purchasing an additional 1,141 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 purchasing an additional 1,400 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of Suzano by 5.2% in the 3rd quarter. Moody National Bank Trust Division now owns 29,311 shares of the company’s stock worth $276,000 after purchasing an additional 1,438 shares in the last quarter. Compound Planning Inc. boosted its position in shares of Suzano by 11.3% in the 3rd quarter. Compound Planning Inc. now owns 18,569 shares of the company’s stock worth $175,000 after purchasing an additional 1,885 shares in the last quarter. Finally, Banco BTG Pactual S.A. boosted its position in shares of Suzano by 46.3% in the 2nd quarter. Banco BTG Pactual S.A. now owns 23,706 shares of the company’s stock worth $223,000 after purchasing an additional 7,506 shares in the last quarter. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Trading Up 0.4%

Suzano stock opened at $10.72 on Wednesday. The firm has a market cap of $13.29 billion, a PE ratio of 5.67, a P/E/G ratio of 0.21 and a beta of 0.67. Suzano S.A. Sponsored ADR has a 12 month low of $8.41 and a 12 month high of $11.53. The stock’s 50 day simple moving average is $10.16 and its two-hundred day simple moving average is $9.55. The company has a current ratio of 3.18, a quick ratio of 2.59 and a debt-to-equity ratio of 2.09.

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

Suzano Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on SUZ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a research report on Monday, December 29th. Jefferies Financial Group initiated coverage on Suzano in a research note on Thursday, February 5th. They set a “buy” rating and a $13.40 price target on the stock. Finally, Zacks Research raised shares of Suzano from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 8th. 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 company. According to MarketBeat.com, Suzano has an average rating of “Buy” and an average target price of $13.40.

About Suzano

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.