Principal Financial Group Inc. Acquires 113,070 Shares of Suzano S.A. Sponsored ADR $SUZ

Principal Financial Group Inc. increased its holdings in shares of Suzano S.A. Sponsored ADR (NYSE:SUZ) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 603,558 shares of the company’s stock after purchasing an additional 113,070 shares during the quarter. Principal Financial Group Inc.’s holdings in Suzano were worth $6,042,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in Suzano by 3.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,429 shares of the company’s stock valued at $340,000 after buying an additional 1,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 buying an additional 1,400 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Suzano by 7.6% in the 4th quarter. Compound Planning Inc. now owns 19,988 shares of the company’s stock valued at $187,000 after acquiring an additional 1,419 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Suzano by 16.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,631 shares of the company’s stock valued at $118,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Suzano by 19.5% in the fourth quarter. Vident Advisory LLC now owns 16,427 shares of the company’s stock valued at $153,000 after acquiring an additional 2,679 shares during the last quarter. Institutional investors own 2.55% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research upgraded Suzano from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Bank of America downgraded Suzano from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Tuesday, April 7th. Finally, Weiss Ratings lowered Suzano from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.20.

Suzano Stock Performance

Shares of SUZ opened at $8.21 on Tuesday. The firm has a 50-day moving average of $8.15 and a 200-day moving average of $9.23. Suzano S.A. Sponsored ADR has a one year low of $7.55 and a one year high of $11.53. The company has a market cap of $10.19 billion, a PE ratio of 4.89, a price-to-earnings-growth ratio of 0.13 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a current ratio of 3.51 and a quick ratio of 2.80.

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.