Pacer Advisors Inc. Buys 16,313 Shares of Gerdau S.A. (NYSE:GGB)

Pacer Advisors Inc. increased its stake in shares of Gerdau S.A. (NYSE:GGB) by 8.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,977 shares of the basic materials company’s stock after acquiring an additional 16,313 shares during the period. Pacer Advisors Inc.’s holdings in Gerdau were worth $602,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Creative Planning grew its holdings in Gerdau by 46.4% in the 2nd quarter. Creative Planning now owns 102,854 shares of the basic materials company’s stock valued at $339,000 after buying an additional 32,618 shares in the last quarter. Truist Financial Corp grew its holdings in Gerdau by 21.9% in the 2nd quarter. Truist Financial Corp now owns 89,100 shares of the basic materials company’s stock valued at $294,000 after buying an additional 15,984 shares in the last quarter. Inspire Advisors LLC increased its position in Gerdau by 10.2% during the third quarter. Inspire Advisors LLC now owns 45,892 shares of the basic materials company’s stock worth $161,000 after acquiring an additional 4,229 shares during the period. Blue Trust Inc. raised its stake in Gerdau by 132.8% in the 3rd quarter. Blue Trust Inc. now owns 8,681 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 4,952 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Gerdau by 61.3% in the 3rd quarter. Ballentine Partners LLC now owns 18,164 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 6,906 shares during the period. 1.49% of the stock is owned by institutional investors and hedge funds.

Gerdau Trading Up 1.9 %

Shares of GGB stock opened at $2.97 on Tuesday. The stock has a market cap of $6.16 billion, a P/E ratio of 6.47 and a beta of 1.73. Gerdau S.A. has a 1 year low of $2.67 and a 1 year high of $4.04. The company has a current ratio of 2.98, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $3.08 and a 200 day simple moving average of $3.22.

Gerdau Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, November 21st were issued a $0.0528 dividend. This is a positive change from Gerdau’s previous quarterly dividend of $0.00. This represents a $0.21 annualized dividend and a yield of 7.12%. The ex-dividend date was Thursday, November 21st. Gerdau’s dividend payout ratio (DPR) is currently 41.45%.

About Gerdau

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.