Mercer Global Advisors Inc. ADV Has $136,000 Stake in Gerdau S.A. (NYSE:GGB)

Mercer Global Advisors Inc. ADV lowered its position in Gerdau S.A. (NYSE:GGB) by 21.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,360 shares of the basic materials company’s stock after selling 11,433 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Gerdau were worth $136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in Gerdau by 66.2% during the fourth quarter. Parallel Advisors LLC now owns 17,344 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 6,909 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in shares of Gerdau by 912.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 232,857 shares of the basic materials company’s stock worth $1,129,000 after acquiring an additional 209,853 shares during the period. Capital International Investors increased its holdings in shares of Gerdau by 7.3% during the 4th quarter. Capital International Investors now owns 91,708,872 shares of the basic materials company’s stock worth $444,788,000 after acquiring an additional 6,268,313 shares during the last quarter. Capital International Sarl raised its stake in Gerdau by 12.0% in the 4th quarter. Capital International Sarl now owns 1,223,818 shares of the basic materials company’s stock valued at $5,936,000 after acquiring an additional 130,750 shares during the period. Finally, Quadrature Capital Ltd lifted its holdings in Gerdau by 91.0% during the 4th quarter. Quadrature Capital Ltd now owns 119,920 shares of the basic materials company’s stock valued at $581,000 after purchasing an additional 57,122 shares during the last quarter. Institutional investors own 1.49% of the company’s stock.

Gerdau Price Performance

NYSE:GGB opened at $3.50 on Wednesday. The company has a market cap of $7.38 billion, a P/E ratio of 5.74 and a beta of 1.74. The firm’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $3.38. Gerdau S.A. has a one year low of $2.92 and a one year high of $4.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.83 and a quick ratio of 1.36.

Gerdau (NYSE:GGB) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Gerdau had a return on equity of 8.43% and a net margin of 7.88%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Equities analysts expect that Gerdau S.A. will post 0.53 earnings per share for the current year.

Gerdau Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a $0.055 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.22 annualized dividend and a dividend yield of 6.29%. This is an increase from Gerdau’s previous quarterly dividend of $0.06. Gerdau’s dividend payout ratio is currently 13.11%.

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.