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

Northern Trust Corp lifted its holdings in Suzano S.A. (NYSE:SUZ - Free Report) by 67.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SUZ. Lindbrook Capital LLC lifted its position in shares of Suzano by 69.2% during the 4th quarter. Lindbrook Capital LLC now owns 3,004 shares of the company's stock worth $30,000 after purchasing an additional 1,229 shares during the last quarter. Blue Trust Inc. lifted its stake in Suzano by 222.7% in the fourth 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 period. Signaturefd LLC raised its position in shares of Suzano by 28.9% during the fourth quarter. Signaturefd LLC now owns 7,969 shares of the company's stock worth $81,000 after purchasing an additional 1,787 shares during the period. US Bancorp DE raised its position 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 bought a new position in Suzano in the fourth quarter valued at approximately $109,000. 2.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Suzano to a "strong-buy" rating in a research report on Thursday, April 10th.

Suzano Trading Up 0.2%

SUZ stock traded up $0.02 during trading on Thursday, hitting $9.00. The company had a trading volume of 325,946 shares, compared to its average volume of 1,783,731. The stock has a market cap of $11.91 billion, a PE ratio of 14.26 and a beta of 0.94. Suzano S.A. has a one year low of $8.41 and a one year high of $10.98. The business has a 50-day moving average of $9.09 and a 200-day moving average of $9.81. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.01). The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $11.82 billion. Suzano had a negative return on equity of 17.30% and a negative net margin of 14.93%. Research analysts predict that Suzano S.A. will post 1.93 earnings per share for the current fiscal year.

Suzano Company 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.