Wellington Management Group LLP Acquires 4,197,157 Shares of Suzano S.A. Sponsored ADR $SUZ

Key Points

• Wellington Management dramatically increased its Suzano stake by purchasing 4.2 million additional shares in the second quarter, bringing its holdings to 4.21 million shares valued at approximately $32.7 million.
• Several major institutions also raised their positions, including Deutsche Bank, Dynamo Internacional, JPMorgan, Goldman Sachs and State Street. Institutional investors and hedge funds collectively own 2.55% of Suzano.
• Suzano reported quarterly revenue of $2.24 billion and EPS of $0.28, while analyst sentiment remains mixed: the consensus rating is Hold with a $13.20 price target, despite Bank of America upgrading the stock to Buy.

Wellington Management Group LLP boosted its holdings in Suzano S.A. Sponsored ADR (NYSE:SUZ - Free Report) by 30,234.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,211,039 shares of the company's stock after buying an additional 4,197,157 shares during the period. Wellington Management Group LLP owned approximately 0.34% of Suzano worth $32,678,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Deutsche Bank AG boosted its position in shares of Suzano by 4,452.8% in the fourth quarter. Deutsche Bank AG now owns 7,353,089 shares of the company's stock valued at $68,678,000 after acquiring an additional 7,191,583 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. increased its position in Suzano by 565.2% during the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,589,234 shares of the company's stock worth $25,918,000 after acquiring an additional 2,200,000 shares during the period. JPMorgan Chase & Co. raised its stake in Suzano by 323.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,879,587 shares of the company's stock valued at $17,555,000 after purchasing an additional 1,435,994 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Suzano by 30.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,474,671 shares of the company's stock valued at $41,793,000 after purchasing an additional 1,037,976 shares during the last quarter. Finally, State Street Corp boosted its holdings in Suzano by 17.5% in the 4th quarter. State Street Corp now owns 5,667,599 shares of the company's stock valued at $54,086,000 after purchasing an additional 843,296 shares during the period. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Stock Down 0.1%

Shares of SUZ stock opened at $9.14 on Friday. The stock has a market cap of $11.33 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 0.14 and a beta of 0.55. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.38 and a quick ratio of 2.75. The stock has a fifty day moving average price of $8.33 and a 200 day moving average price of $8.97. Suzano S.A. Sponsored ADR has a one year low of $7.55 and a one year high of $11.53.

Suzano (NYSE:SUZ - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.28 earnings per share (EPS) for the quarter. Suzano had a net margin of 17.20% and a return on equity of 14.92%. The company had revenue of $2.24 billion during the quarter. Analysts predict that Suzano S.A. Sponsored ADR will post 1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Suzano from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Weiss Ratings cut shares of Suzano from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. Finally, Bank of America raised Suzano from a "neutral" rating to a "buy" rating and set a $13.00 target price on the stock in a research report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $13.20.

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.

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