Principal Financial Group Inc. Buys 50,435 Shares of Suzano S.A. Sponsored ADR (NYSE:SUZ)

Principal Financial Group Inc. grew its position in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 38.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,167 shares of the company's stock after purchasing an additional 50,435 shares during the quarter. Principal Financial Group Inc.'s holdings in Suzano were worth $1,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Waterfront Wealth Inc. increased its holdings in shares of Suzano by 5.5% during the 1st quarter. Waterfront Wealth Inc. now owns 310,783 shares of the company's stock worth $2,887,000 after buying an additional 16,154 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Suzano during the first quarter worth about $517,000. Financial Management Professionals Inc. purchased a new stake in shares of Suzano in the first quarter valued at about $28,000. GAMMA Investing LLC lifted its holdings in shares of Suzano by 311.8% in the first quarter. GAMMA Investing LLC now owns 11,492 shares of the company's stock valued at $107,000 after purchasing an additional 8,701 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of Suzano by 105.6% in the first quarter. Moody National Bank Trust Division now owns 27,873 shares of the company's stock valued at $259,000 after purchasing an additional 14,315 shares in the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Stock Down 0.2%

Shares of SUZ stock traded down $0.02 on Friday, hitting $9.06. The stock had a trading volume of 2,209,339 shares, compared to its average volume of 1,760,739. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of -64.71, a P/E/G ratio of 0.09 and a beta of 0.94. The stock's 50 day moving average is $9.32 and its 200-day moving average is $9.54. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.96 and a current ratio of 2.61. Suzano S.A. Sponsored ADR has a 52-week low of $8.41 and a 52-week high of $10.98.

Suzano (NYSE:SUZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.01). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $11.82 billion. Suzano had a negative net margin of 2.43% and a negative return on equity of 3.08%. As a group, research analysts expect that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group raised shares of Suzano from a "neutral" rating to a "buy" rating in a research report on Friday, June 13th. UBS Group raised shares of Suzano to a "strong-buy" rating in a research report on Thursday, April 10th. Finally, Wall Street Zen lowered shares of Suzano from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th.

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.