Robeco Institutional Asset Management B.V. Has $1.29 Million Position in Gerdau S.A. (NYSE:GGB)

Robeco Institutional Asset Management B.V. increased its holdings in Gerdau S.A. (NYSE:GGB - Free Report) by 789.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 455,053 shares of the basic materials company's stock after buying an additional 403,894 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Gerdau were worth $1,292,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GGB. Wells Fargo & Company MN boosted its stake in Gerdau by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 53,736 shares of the basic materials company's stock valued at $155,000 after purchasing an additional 4,657 shares during the period. Hsbc Holdings PLC boosted its stake in Gerdau by 0.6% during the 4th quarter. Hsbc Holdings PLC now owns 840,148 shares of the basic materials company's stock valued at $2,422,000 after purchasing an additional 5,424 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Gerdau by 0.7% during 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 purchasing an additional 7,492 shares during the period. Private Advisor Group LLC acquired a new stake in Gerdau in the 4th quarter valued at approximately $32,000. Finally, Wealthfront Advisers LLC acquired a new stake in Gerdau in the 4th quarter valued at approximately $32,000. 1.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GGB shares. UBS Group upgraded Gerdau from a "neutral" rating to a "buy" rating and raised their target price for the company from $2.90 to $3.80 in a research report on Monday, June 9th. Bank of America reiterated a "neutral" rating on shares of Gerdau in a research report on Monday, April 7th.

Gerdau Price Performance

Shares of GGB traded up $0.05 during mid-day trading on Friday, hitting $3.10. The company's stock had a trading volume of 15,358,817 shares, compared to its average volume of 10,262,014. The firm has a 50-day moving average price of $2.83 and a 200 day moving average price of $2.84. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.42 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.64 and a quick ratio of 1.28. Gerdau S.A. has a fifty-two week low of $2.27 and a fifty-two week high of $3.62.

Gerdau Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a dividend of $0.0188 per share. This represents a yield of 2.95%. This is a boost from Gerdau's previous dividend of $0.00. The ex-dividend date was Monday, May 12th. Gerdau's dividend payout ratio (DPR) is presently 27.59%.

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.