Private Advisor Group LLC Purchases New Shares in Gerdau S.A. (NYSE:GGB)

Private Advisor Group LLC purchased a new stake in shares of Gerdau S.A. (NYSE:GGB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,028 shares of the basic materials company’s stock, valued at approximately $32,000.

Other large investors have also added to or reduced their stakes in the company. Zhang Financial LLC acquired a new position in Gerdau during the 4th quarter worth $34,000. R Squared Ltd acquired a new position in Gerdau during the 4th quarter worth $36,000. Rehmann Capital Advisory Group acquired a new position in Gerdau during the 3rd quarter worth $37,000. HighTower Advisors LLC acquired a new position in Gerdau during the 3rd quarter worth $38,000. Finally, MQS Management LLC acquired a new position in Gerdau during the 3rd quarter worth $56,000. 1.49% of the stock is owned by institutional investors and hedge funds.

Gerdau Price Performance

Shares of GGB stock opened at $2.95 on Friday. The firm has a market cap of $6.12 billion, a P/E ratio of 6.85 and a beta of 1.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.53. Gerdau S.A. has a 1-year low of $2.67 and a 1-year high of $4.04. The firm has a fifty day moving average of $2.91 and a two-hundred day moving average of $3.17.

Gerdau (NYSE:GGB) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.66 billion. Gerdau had a net margin of 7.03% and a return on equity of 7.74%. As a group, research analysts anticipate that Gerdau S.A. will post 0.46 earnings per share for the current fiscal year.

Gerdau Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.0175 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.07 annualized dividend and a dividend yield of 2.38%. Gerdau’s dividend payout ratio is currently 13.95%.

Gerdau Company Profile

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.