Suzano S.A. (NYSE:SUZ) Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. increased its stake in Suzano S.A. (NYSE:SUZ) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,629 shares of the company’s stock after acquiring an additional 3,033 shares during the period. Waterfront Wealth Inc.’s holdings in Suzano were worth $2,982,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Creative Planning raised its stake in Suzano by 4.7% in the third quarter. Creative Planning now owns 49,393 shares of the company’s stock valued at $494,000 after buying an additional 2,202 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Suzano during the third quarter worth about $25,000. Principal Financial Group Inc. grew its holdings in shares of Suzano by 14.4% during the third quarter. Principal Financial Group Inc. now owns 139,568 shares of the company’s stock worth $1,396,000 after purchasing an additional 17,544 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Suzano by 69.4% during the third quarter. Metis Global Partners LLC now owns 154,379 shares of the company’s stock worth $1,544,000 after purchasing an additional 63,231 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in shares of Suzano by 11.1% during the third quarter. Caprock Group LLC now owns 11,178 shares of the company’s stock worth $112,000 after purchasing an additional 1,119 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

Suzano Stock Performance

Shares of SUZ stock opened at $10.14 on Friday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.40 and a current ratio of 1.72. Suzano S.A. has a 1 year low of $8.78 and a 1 year high of $12.98. The stock’s 50-day moving average is $10.28 and its two-hundred day moving average is $10.14. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 16.09 and a beta of 0.94.

Suzano Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 17th. Investors of record on Wednesday, December 18th were issued a dividend of $0.3366 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 18th. Suzano’s dividend payout ratio is currently 41.27%.

Suzano Company Profile

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.