Fmr LLC Buys 33,279 Shares of Suzano S.A. (NYSE:SUZ)

Fmr LLC grew its position in shares of Suzano S.A. (NYSE:SUZ) by 1,078.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,364 shares of the company’s stock after purchasing an additional 33,279 shares during the quarter. Fmr LLC’s holdings in Suzano were worth $364,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SUZ. Van ECK Associates Corp raised its stake in Suzano by 26.1% during the second quarter. Van ECK Associates Corp now owns 53,403 shares of the company’s stock worth $548,000 after buying an additional 11,059 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in shares of Suzano by 23.2% in the 2nd quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company’s stock valued at $2,858,000 after purchasing an additional 52,334 shares during the period. Caprock Group LLC bought a new stake in shares of Suzano during the 2nd quarter valued at about $103,000. Choreo LLC acquired a new stake in Suzano during the second quarter worth approximately $128,000. Finally, Sagil Capital LLP bought a new stake in Suzano in the second quarter worth approximately $6,324,000. Institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

NYSE:SUZ opened at $9.86 on Friday. The firm has a market capitalization of $13.06 billion, a P/E ratio of 15.65 and a beta of 0.95. Suzano S.A. has a twelve month low of $8.78 and a twelve month high of $12.98. The company has a fifty day moving average of $10.30 and a 200-day moving average of $9.89. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 1.92.

Suzano Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a $0.3366 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. Suzano’s payout ratio is currently 42.86%.

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.