State Street Corp raised its stake in Suzano S.A. (NYSE:SUZ - Free Report) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,597,801 shares of the company's stock after purchasing an additional 568,618 shares during the quarter. State Street Corp owned about 0.35% of Suzano worth $45,978,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Quantinno Capital Management LP grew its holdings in shares of Suzano by 20.0% during the 3rd quarter. Quantinno Capital Management LP now owns 15,013 shares of the company's stock worth $150,000 after purchasing an additional 2,504 shares during the period. Point72 Asset Management L.P. acquired a new position in Suzano during the third quarter valued at approximately $810,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Suzano during the third quarter worth approximately $107,000. FMR LLC increased its position in shares of Suzano by 1,078.7% in the third quarter. FMR LLC now owns 36,364 shares of the company's stock worth $364,000 after acquiring an additional 33,279 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Suzano by 69.4% in the 3rd quarter. Fisher Asset Management LLC now owns 124,521 shares of the company's stock valued at $1,245,000 after acquiring an additional 50,994 shares during the period. 2.55% of the stock is owned by hedge funds and other institutional investors.
Suzano Stock Down 1.0 %
Suzano stock traded down $0.10 during trading on Friday, reaching $9.76. 2,137,692 shares of the company's stock were exchanged, compared to its average volume of 1,834,922. Suzano S.A. has a 52-week low of $8.78 and a 52-week high of $12.98. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 15.49 and a beta of 0.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17. The company's 50-day moving average is $10.30 and its two-hundred day moving average is $9.89.
Suzano Cuts Dividend
The business also recently announced an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a $0.3366 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. Suzano's payout ratio is 42.86%.
About Suzano
(
Free Report)
Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.
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