Blue Trust Inc. Purchases 4,549 Shares of Suzano S.A. (NYSE:SUZ)

Blue Trust Inc. grew its holdings in shares of Suzano S.A. (NYSE:SUZ) by 222.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,592 shares of the company’s stock after buying an additional 4,549 shares during the period. Blue Trust Inc.’s holdings in Suzano were worth $67,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Suzano by 58.2% during the 4th quarter. GAMMA Investing LLC now owns 2,791 shares of the company’s stock valued at $28,000 after acquiring an additional 1,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Suzano during the third quarter valued at approximately $107,000. Ballentine Partners LLC bought a new stake in shares of Suzano in the 4th quarter worth approximately $109,000. Caprock Group LLC boosted its position in shares of Suzano by 11.1% in the 3rd quarter. Caprock Group LLC now owns 11,178 shares of the company’s stock worth $112,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in shares of Suzano in the 4th quarter worth approximately $137,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Suzano Stock Down 1.5 %

Shares of NYSE:SUZ opened at $9.91 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 2.81. The stock has a fifty day simple moving average of $10.26 and a two-hundred day simple moving average of $10.16. Suzano S.A. has a 12-month low of $8.78 and a 12-month high of $12.98. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 15.72 and a beta of 0.94.

Suzano Cuts Dividend

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

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.