DekaBank Deutsche Girozentrale Acquires Shares of 320,000 Fibria (FBR)

DekaBank Deutsche Girozentrale bought a new position in shares of Fibria (NYSE:FBR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 320,000 shares of the basic materials company’s stock, valued at approximately $6,160,000. DekaBank Deutsche Girozentrale owned about 0.06% of Fibria at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new stake in Fibria during the 4th quarter worth approximately $157,000. Toronto Dominion Bank boosted its holdings in shares of Fibria by 150.0% in the 4th quarter. Toronto Dominion Bank now owns 15,000 shares of the basic materials company’s stock valued at $221,000 after acquiring an additional 9,000 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Fibria in the 4th quarter valued at $246,000. Banco de Sabadell S.A purchased a new stake in shares of Fibria in the 4th quarter valued at $326,000. Finally, Verition Fund Management LLC boosted its holdings in shares of Fibria by 25.7% in the 4th quarter. Verition Fund Management LLC now owns 38,169 shares of the basic materials company’s stock valued at $561,000 after acquiring an additional 7,808 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the stock. ValuEngine raised shares of Fibria from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Fibria from a “buy” rating to a “hold” rating in a report on Monday, April 30th. UBS raised shares of Fibria from a “sell” rating to a “neutral” rating in a report on Friday, April 27th. Citigroup downgraded shares of Fibria from a “buy” rating to a “neutral” rating in a report on Wednesday, March 21st. Finally, Scotia Howard Weill downgraded shares of Fibria from an “outperform” rating to a “sector perform” rating and set a $20.25 price target on the stock. in a report on Friday, March 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.69.

Shares of Fibria opened at $18.97 on Friday, according to Marketbeat.com. The stock has a market capitalization of $10.57 billion, a PE ratio of 24.78 and a beta of -0.10. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 1.17. Fibria has a 52 week low of $19.24 and a 52 week high of $19.38.

Fibria (NYSE:FBR) last issued its earnings results on Wednesday, April 25th. The basic materials company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.08. The business had revenue of $1.14 billion during the quarter. Fibria had a net margin of 10.33% and a return on equity of 9.39%. equities research analysts predict that Fibria will post 1.63 EPS for the current fiscal year.

The firm also recently announced an annual dividend, which was paid on Monday, May 7th. Stockholders of record on Monday, May 7th were given a $0.118 dividend. This represents a dividend yield of 0.61%. The ex-dividend date was Friday, May 4th. Fibria’s dividend payout ratio (DPR) is 19.67%.

Fibria Company Profile

Fibria Celulose SA produces, sells, and exports short fiber pulp in Brazil and internationally. It manufactures and sells bleached eucalyptus kraft pulp. The company has approximately 1,056,000 hectares of forest base in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul, and Bahia.

Institutional Ownership by Quarter for Fibria (NYSE:FBR)

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