UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Shares in Suzano S.A. (NYSE:SUZ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Suzano S.A. (NYSE:SUZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,686 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Waldron Private Wealth LLC acquired a new position in shares of Suzano during the 3rd quarter worth about $25,000. Caprock Group LLC bought a new position in Suzano during the second quarter worth about $103,000. Atomi Financial Group Inc. acquired a new position in Suzano during the third quarter worth approximately $122,000. Choreo LLC bought a new stake in Suzano in the second quarter valued at approximately $128,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Suzano in the second quarter valued at approximately $274,000. 2.55% of the stock is currently owned by institutional investors.

Suzano Trading Down 1.0 %

SUZ stock opened at $9.76 on Friday. Suzano S.A. has a one year low of $8.78 and a one year high of $12.98. The stock 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 fifty day moving average price of $10.30 and a two-hundred day moving average price of $9.90. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70.

Suzano Cuts Dividend

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