Creative Planning Purchases 8,168 Shares of Gerdau S.A. (NYSE:GGB)

Creative Planning boosted its holdings in Gerdau S.A. (NYSE:GGB) by 7.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 111,022 shares of the basic materials company’s stock after buying an additional 8,168 shares during the period. Creative Planning’s holdings in Gerdau were worth $389,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Marshall Wace LLP boosted its position in shares of Gerdau by 1,988.2% during the second quarter. Marshall Wace LLP now owns 6,186,152 shares of the basic materials company’s stock valued at $20,414,000 after buying an additional 5,889,913 shares during the period. Acadian Asset Management LLC lifted its holdings in Gerdau by 48.1% during the second quarter. Acadian Asset Management LLC now owns 13,391,548 shares of the basic materials company’s stock worth $44,181,000 after buying an additional 4,351,666 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Gerdau by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 16,005,117 shares of the basic materials company’s stock worth $52,825,000 after buying an additional 2,100,969 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Gerdau during the second quarter worth $6,085,000. Finally, Oaktree Fund Advisors LLC acquired a new position in shares of Gerdau during the second quarter worth $2,148,000. 1.49% of the stock is owned by institutional investors.

Gerdau Price Performance

NYSE GGB opened at $3.60 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.83 and a quick ratio of 1.36. The stock’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.32. Gerdau S.A. has a 1 year low of $2.92 and a 1 year high of $4.21. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 7.36 and a beta of 1.75.

Gerdau Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, November 21st will be given a dividend of $0.0528 per share. This is an increase from Gerdau’s previous dividend of $0.00. The ex-dividend date of this dividend is Thursday, November 21st. Gerdau’s dividend payout ratio (DPR) is currently 18.43%.

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.