Quantinno Capital Management LP Boosts Stock Position in Suzano S.A. (NYSE:SUZ)

Quantinno Capital Management LP grew its stake in Suzano S.A. (NYSE:SUZ) by 20.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,013 shares of the company’s stock after purchasing an additional 2,504 shares during the period. Quantinno Capital Management LP’s holdings in Suzano were worth $150,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Atlas FRM LLC increased its stake in Suzano by 73.0% in the 2nd quarter. Atlas FRM LLC now owns 12,320,000 shares of the company’s stock valued at $126,526,000 after buying an additional 5,200,000 shares during the period. Kapitalo Investimentos Ltda increased its position in Suzano by 152.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 3,538,724 shares of the company’s stock worth $35,387,000 after purchasing an additional 2,139,719 shares during the period. Marshall Wace LLP acquired a new stake in shares of Suzano in the 2nd quarter valued at approximately $9,310,000. Sagil Capital LLP purchased a new stake in shares of Suzano in the second quarter valued at approximately $6,324,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in Suzano during the second quarter worth $2,806,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Trading Up 1.0 %

NYSE:SUZ opened at $10.43 on Wednesday. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 16.56 and a beta of 0.95. Suzano S.A. has a 1 year low of $8.78 and a 1 year high of $12.98. The stock has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $9.89. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17.

Suzano Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.3366 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th. Suzano’s dividend payout ratio (DPR) is 42.86%.

About Suzano

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.