Ramirez Asset Management Inc. Makes New Investment in Suzano S.A. Sponsored ADR $SUZ

Key Points

• Ramirez Asset Management initiated a new stake in Suzano S.A. (NYSE:SUZ), buying 682,217 shares worth about $6.41 million and now owning roughly 0.05% of the company.
• Suzano beat expectations last quarter with EPS of $0.02 versus a consensus -$0.09 and revenue of $2.52 billion (vs. $2.30B est.), posting a 26.11% net margin and 30.84% return on equity, and paid a special dividend of $0.2036 per share.
• The stock trades at a market cap of about $12.91 billion with a P/E of 5.51, a one-year range of $8.41–$11.53, and a consensus analyst rating of "Buy" with a $13.40 price target.

Ramirez Asset Management Inc. purchased a new stake in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 682,217 shares of the company's stock, valued at approximately $6,413,000. Ramirez Asset Management Inc. owned 0.05% of Suzano as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised 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 purchasing an additional 1,141 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Suzano by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company's stock worth $93,000 after buying an additional 1,400 shares during the period. Moody National Bank Trust Division grew its stake in shares of Suzano by 5.2% in the third quarter. Moody National Bank Trust Division now owns 29,311 shares of the company's stock valued at $276,000 after buying an additional 1,438 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of Suzano by 11.3% in the 3rd quarter. Compound Planning Inc. now owns 18,569 shares of the company's stock valued at $175,000 after buying an additional 1,885 shares during the period. Finally, Banco BTG Pactual S.A. raised its holdings 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 valued at $223,000 after buying an additional 7,506 shares during the period. Hedge funds and other institutional investors own 2.55% of the company's stock.

Suzano Price Performance

SUZ stock opened at $10.41 on Friday. The business's 50-day moving average is $10.10 and its two-hundred day moving average is $9.54. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 2.59. The firm has a market capitalization of $12.91 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.20 and a beta of 0.67. Suzano S.A. Sponsored ADR has a 1 year low of $8.41 and a 1 year high of $11.53.

Suzano (NYSE:SUZ - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.30 billion. Analysts anticipate that Suzano S.A. Sponsored ADR will post 1.93 earnings per share for the current fiscal year.

Suzano Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, February 11th. Stockholders of record on Monday, December 22nd were issued a $0.2036 dividend. The ex-dividend date was Monday, December 22nd. Suzano's dividend payout ratio (DPR) is presently 9.52%.

Wall Street Analysts Forecast Growth

SUZ has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on Suzano in a report on Thursday, February 5th. They set a "buy" rating and a $13.40 target price for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Suzano in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Suzano from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.40.

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.

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