Northern Trust Corp decreased its stake in Suzano S.A. (NYSE:SUZ) by 65.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,770 shares of the company’s stock after selling 57,669 shares during the period. Northern Trust Corp’s holdings in Suzano were worth $524,000 at the end of the most recent reporting period.
Separately, Aperio Group LLC lifted its holdings in shares of Suzano by 26.3% in the 2nd quarter. Aperio Group LLC now owns 29,519 shares of the company’s stock worth $503,000 after purchasing an additional 6,146 shares during the last quarter. Hedge funds and other institutional investors own 0.40% of the company’s stock.
Shares of NYSE SUZ opened at $8.17 on Monday. The company has a market cap of $11.04 billion and a P/E ratio of 36.04. Suzano S.A. has a 12-month low of $6.63 and a 12-month high of $13.47. The company has a current ratio of 1.79, a quick ratio of 1.14 and a debt-to-equity ratio of 2.92. The business has a 50 day moving average of $11.61.
Suzano (NYSE:SUZ) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter. Suzano had a return on equity of 5.44% and a net margin of 4.42%. The business had revenue of $1.70 billion for the quarter.
Several analysts recently issued reports on the company. Goldman Sachs Group downgraded Suzano from a “buy” rating to a “neutral” rating in a report on Friday, September 20th. Citigroup downgraded Suzano from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Finally, ValuEngine raised Suzano from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. The company offers coated and uncoated printing and writing papers, paperboards, tissue paper, market pulp, and fluff pulp; and lignin and its byproducts. It also engages in the plant genetic research and development for forestry, biopower, and biofuel industries.
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