Kapitalo Investimentos Ltda Trims Holdings in Suzano S.A. Sponsored ADR $SUZ

Kapitalo Investimentos Ltda lowered its position in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 67.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 224,498 shares of the company’s stock after selling 471,418 shares during the period. Kapitalo Investimentos Ltda’s holdings in Suzano were worth $2,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SUZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Suzano by 16.2% in 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 last quarter. Vident Advisory LLC acquired a new position in Suzano during the second quarter valued at $97,000. TD Waterhouse Canada Inc. purchased a new stake in Suzano in the second quarter valued at $100,000. PNC Financial Services Group Inc. boosted 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 valued at $113,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Suzano during the 2nd quarter worth about $113,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Trading Up 0.7%

Shares of NYSE:SUZ opened at $9.90 on Thursday. The business’s 50 day moving average price is $9.34 and its 200-day moving average price is $9.33. Suzano S.A. Sponsored ADR has a 1 year low of $8.41 and a 1 year high of $10.86. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.19 and a beta of 0.72. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.20 and a quick ratio of 2.52.

Suzano (NYSE:SUZ) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.23 billion. Suzano had a return on equity of 16.39% and a net margin of 13.03%. On average, equities research 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 declared a special dividend, which will be paid on Wednesday, February 11th. Investors of record on Monday, December 22nd will be paid a $0.2036 dividend. The ex-dividend date of this dividend is Monday, December 22nd. Suzano’s dividend payout ratio (DPR) is currently 18.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research upgraded Suzano from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.