TD Waterhouse Canada Inc. Raises Holdings in Suzano S.A. Sponsored ADR $SUZ

TD Waterhouse Canada Inc. increased its stake in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 2,036.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,742 shares of the company’s stock after purchasing an additional 219,942 shares during the period. TD Waterhouse Canada Inc.’s holdings in Suzano were worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SUZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $93,000 after acquiring an additional 1,400 shares during the period. Vident Advisory LLC purchased a new position in shares of Suzano in the second quarter worth about $97,000. PNC Financial Services Group Inc. boosted its position 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 buying an additional 1,141 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Suzano in the 2nd quarter worth approximately $113,000. Finally, Global Retirement Partners LLC raised its position in Suzano by 2,186.4% during the 3rd quarter. Global Retirement Partners LLC now owns 12,964 shares of the company’s stock worth $122,000 after buying an additional 12,397 shares during the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on SUZ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Suzano in a report on Monday, December 29th. Zacks Research raised 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, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Suzano Price Performance

Shares of Suzano stock opened at $9.38 on Friday. The firm has a market cap of $12.62 billion, a PE ratio of 9.77, a P/E/G ratio of 0.18 and a beta of 0.72. Suzano S.A. Sponsored ADR has a twelve month low of $8.41 and a twelve month high of $10.86. The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.97. The business has a 50-day moving average price of $9.35 and a 200 day moving average price of $9.34.

Suzano (NYSE:SUZ) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.23 billion. Suzano had a net margin of 13.03% and a return on equity of 16.39%. Sell-side analysts predict 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 will be paid on Wednesday, February 11th. Investors of record on Monday, December 22nd will be issued a $0.2036 dividend. The ex-dividend date of this dividend is Monday, December 22nd. Suzano’s payout ratio is presently 18.75%.

Suzano 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.