American Century Companies Inc. Has $9.67 Million Stock Position in Gerdau S.A. (NYSE:GGB)

American Century Companies Inc. raised its holdings in Gerdau S.A. (NYSE:GGB - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,355,896 shares of the basic materials company's stock after acquiring an additional 188,877 shares during the quarter. American Century Companies Inc. owned about 0.16% of Gerdau worth $9,665,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GGB. Virtu Financial LLC grew its position in shares of Gerdau by 628.4% during the 4th quarter. Virtu Financial LLC now owns 394,173 shares of the basic materials company's stock worth $1,135,000 after buying an additional 340,055 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Gerdau by 164.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 515,417 shares of the basic materials company's stock worth $1,485,000 after purchasing an additional 320,404 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in shares of Gerdau in the 4th quarter valued at $89,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Gerdau by 0.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,032,541 shares of the basic materials company's stock valued at $2,974,000 after buying an additional 7,492 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Gerdau during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 1.49% of the company's stock.

Analyst Ratings Changes

GGB has been the subject of a number of research reports. Bank of America reissued a "neutral" rating on shares of Gerdau in a research note on Monday. UBS Group began coverage on shares of Gerdau in a report on Wednesday, March 12th. They set a "neutral" rating on the stock.

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Gerdau Stock Down 4.5 %

NYSE GGB traded down $0.12 during trading on Monday, hitting $2.46. The stock had a trading volume of 16,958,977 shares, compared to its average volume of 9,289,890. Gerdau S.A. has a 12 month low of $2.36 and a 12 month high of $4.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.98. The company's 50-day moving average price is $2.92 and its two-hundred day moving average price is $3.11. The company has a market capitalization of $5.10 billion, a PE ratio of 5.71 and a beta of 1.37.

Gerdau (NYSE:GGB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Gerdau had a net margin of 7.03% and a return on equity of 7.74%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.66 billion. As a group, sell-side analysts forecast that Gerdau S.A. will post 0.46 EPS for the current year.

Gerdau Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.0175 per share. The ex-dividend date was Friday, March 7th. This represents a $0.07 annualized dividend and a yield of 2.86%. Gerdau's dividend payout ratio (DPR) is presently 13.95%.

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.