UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $107,000 in Suzano S.A. (NYSE:SUZ)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Waldron Private Wealth LLC acquired a new stake in Suzano during the 3rd quarter worth $25,000. Caprock Group LLC bought a new stake in shares of Suzano in the second quarter worth about $103,000. Atomi Financial Group Inc. acquired a new stake in shares of Suzano during the third quarter worth about $122,000. Choreo LLC acquired a new position in shares of Suzano in the 2nd quarter valued at approximately $128,000. Finally, Frank Rimerman Advisors LLC bought a new stake in Suzano during the 2nd quarter worth approximately $274,000. Institutional investors own 2.55% of the company’s stock.

Suzano Stock Performance

Shares of SUZ stock opened at $9.76 on Friday. The company has a market capitalization of $12.92 billion, a P/E ratio of 15.49 and a beta of 0.95. Suzano S.A. has a 52 week low of $8.78 and a 52 week high of $12.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.70 and a current ratio of 2.17. The company’s 50 day moving average price is $10.30 and its two-hundred day moving average price is $9.90.

Suzano Cuts Dividend

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