Gerdau SA (GGB) Stake Lessened by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP reduced its stake in shares of Gerdau SA (NYSE:GGB) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,432,673 shares of the basic materials company’s stock after selling 706,830 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Gerdau were worth $61,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GGB. GSA Capital Partners LLP purchased a new stake in shares of Gerdau during the fourth quarter valued at $72,000. First Trust Advisors LP purchased a new stake in shares of Gerdau during the fourth quarter valued at $92,000. NEXT Financial Group Inc boosted its stake in shares of Gerdau by 9.5% during the fourth quarter. NEXT Financial Group Inc now owns 34,500 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 3,000 shares during the period. Virtu Financial LLC boosted its stake in shares of Gerdau by 10.5% during the fourth quarter. Virtu Financial LLC now owns 66,014 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 6,253 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Gerdau by 66.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 495,392 shares of the basic materials company’s stock valued at $1,863,000 after purchasing an additional 196,987 shares during the period. 7.05% of the stock is owned by hedge funds and other institutional investors.

GGB stock opened at $3.40 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.89 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.85 billion, a P/E ratio of 8.50, a PEG ratio of 1.47 and a beta of 1.93. Gerdau SA has a 1-year low of $3.28 and a 1-year high of $4.71.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a $0.0176 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.07 annualized dividend and a dividend yield of 2.08%. Gerdau’s payout ratio is currently 17.50%.

Several research firms recently weighed in on GGB. ValuEngine downgraded Gerdau from a “sell” rating to a “strong sell” rating in a report on Saturday, April 13th. Zacks Investment Research upgraded Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $4.50.

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Gerdau Company Profile

Gerdau SA provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The company offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles, which are used primarily in the construction and manufacturing industries; and drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps, as well as mines and produces iron ore.

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Institutional Ownership by Quarter for Gerdau (NYSE:GGB)

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