Grantham Mayo Van Otterloo & Co. LLC Has $13.83 Million Holdings in Gerdau S.A. (NYSE:GGB)

Grantham Mayo Van Otterloo & Co. LLC grew its position in Gerdau S.A. (NYSE:GGB - Free Report) by 48.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,803,639 shares of the basic materials company's stock after buying an additional 1,557,174 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.23% of Gerdau worth $13,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC acquired a new position in Gerdau during the fourth quarter valued at approximately $32,000. Wealthfront Advisers LLC bought a new position in shares of Gerdau in the 4th quarter valued at $32,000. Zhang Financial LLC acquired a new position in shares of Gerdau during the 4th quarter worth $34,000. R Squared Ltd bought a new stake in shares of Gerdau during the 4th quarter worth $36,000. Finally, Rehmann Capital Advisory Group acquired a new stake in Gerdau in the third quarter valued at about $37,000. Institutional investors own 1.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on GGB. 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 research report on Wednesday, March 12th. They set a "neutral" rating for the company.

Gerdau Price Performance

Shares of NYSE GGB traded up $0.04 during mid-day trading on Friday, hitting $2.47. 4,681,174 shares of the stock traded hands, compared to its average volume of 9,384,001. The company has a market cap of $5.12 billion, a PE ratio of 5.73 and a beta of 1.37. Gerdau S.A. has a twelve month low of $2.27 and a twelve month high of $4.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $2.87 and a two-hundred day simple moving average of $3.08.

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

Gerdau Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.0175 per share. This represents a $0.07 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, March 7th. Gerdau's payout ratio is 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.