Robeco Institutional Asset Management B.V. Makes New Investment in Suzano S.A. Sponsored ADR $SUZ

Robeco Institutional Asset Management B.V. purchased a new position in Suzano S.A. Sponsored ADR (NYSE:SUZ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,306 shares of the company’s stock, valued at approximately $594,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. 55 North Private Wealth LLC bought a new stake in Suzano during the 3rd quarter valued at about $90,000. Arkfeld Wealth Strategies L.L.C. grew its stake in Suzano by 13.8% in the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 26,476 shares of the company’s stock worth $223,000 after acquiring an additional 3,205 shares in the last quarter. Mather Group LLC. bought a new position in Suzano in the 3rd quarter worth about $44,000. GAMMA Investing LLC grew its stake in Suzano by 77.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the company’s stock worth $30,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Suzano by 66.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,691 shares of the company’s stock worth $32,000 after acquiring an additional 1,470 shares in the last quarter. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

Shares of Suzano stock opened at $8.82 on Tuesday. The firm has a market cap of $10.94 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.12 and a beta of 0.50. The company has a current ratio of 3.38, a quick ratio of 2.75 and a debt-to-equity ratio of 1.77. Suzano S.A. Sponsored ADR has a 12 month low of $7.55 and a 12 month high of $11.53. The stock’s fifty day moving average price is $8.77 and its 200-day moving average price is $9.05.

Suzano (NYSE:SUZ) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.28 earnings per share 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. On average, equities research analysts expect that Suzano S.A. Sponsored ADR will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SUZ shares. Zacks Research raised shares of Suzano from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Bank of America upgraded Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, August 24th. Finally, Weiss Ratings cut Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.20.

Suzano Company Profile

Suzano SA is a Brazilian forest products company and one of the world’s major producers of eucalyptus pulp. The company cultivates and manages planted forests, primarily in Brazil, and processes wood into market pulp used by manufacturers of tissue, paper, packaging and other fiber-based products.

Suzano also produces and sells a range of paper products, including printing and writing paper, packaging paper and paperboard, as well as tissue products and consumer paper goods in selected markets.