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

Wellington Management Group LLP grew its position in Suzano S.A. Sponsored ADR (NYSE:SUZ) by 30,234.5% during the 2nd quarter, Holdings Channel reports. The firm owned 4,211,039 shares of the company’s stock after purchasing an additional 4,197,157 shares during the quarter. Wellington Management Group LLP’s holdings in Suzano were worth $32,678,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Suzano by 11,502.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,293 shares of the company’s stock worth $40,000 after purchasing an additional 4,256 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Suzano during the first quarter worth about $51,000. Parallel Advisors LLC grew its position in shares of Suzano by 71.7% during the 3rd quarter. Parallel Advisors LLC now owns 9,341 shares of the company’s stock worth $88,000 after buying an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Suzano by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,017 shares of the company’s stock valued at $93,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Suzano in the 3rd quarter valued at about $94,000. 2.55% of the stock is owned by institutional investors.

Suzano Stock Performance

SUZ opened at $9.14 on Friday. The business’s 50-day moving average price is $8.33 and its two-hundred day moving average price is $8.97. Suzano S.A. Sponsored ADR has a 1 year low of $7.55 and a 1 year high of $11.53. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 7.25, a P/E/G 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.

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

Analyst Ratings Changes

SUZ has been the topic of a number of analyst reports. Bank of America upgraded shares of Suzano from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Monday, August 24th. Weiss Ratings lowered shares of Suzano from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, Zacks Research cut shares of Suzano from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.