Gerdau S.A. (NYSE:GGB) Shares Acquired by Banque Cantonale Vaudoise

Posted by on Jul 5th, 2023

Banque Cantonale Vaudoise raised its holdings in Gerdau S.A. (NYSE:GGB – Free Report) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,000 shares of the basic materials company’s stock after acquiring an additional 5,000 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Gerdau were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Veriti Management LLC lifted its holdings in Gerdau by 3.8% in the 4th quarter. Veriti Management LLC now owns 63,948 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 2,343 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of Gerdau by 71.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 8,876 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,685 shares during the period. Diversified Trust Co increased its holdings in shares of Gerdau by 151.2% in the 4th quarter. Diversified Trust Co now owns 144,338 shares of the basic materials company’s stock valued at $800,000 after purchasing an additional 86,874 shares during the period. Veracity Capital LLC acquired a new position in shares of Gerdau in the 4th quarter valued at about $67,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Gerdau by 20.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 250,891 shares of the basic materials company’s stock valued at $1,390,000 after purchasing an additional 42,503 shares during the period. 2.84% of the stock is owned by institutional investors and hedge funds.

Gerdau Trading Up 2.5 %

NYSE:GGB opened at $5.35 on Wednesday. The stock’s 50 day moving average price is $5.04 and its 200 day moving average price is $5.22. Gerdau S.A. has a 52 week low of $3.75 and a 52 week high of $6.34. The company has a market capitalization of $9.40 billion, a P/E ratio of 3.94 and a beta of 1.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 2.49.

Gerdau (NYSE:GGB – Free Report) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $3.63 billion during the quarter. Gerdau had a return on equity of 24.77% and a net margin of 14.56%. On average, research analysts forecast that Gerdau S.A. will post 0.88 EPS for the current fiscal year.

Gerdau Increases Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, June 6th. Shareholders of record on Wednesday, May 17th were paid a dividend of $0.101 per share. This is a positive change from Gerdau’s previous — dividend of $0.02. This represents a yield of 0.5%. The ex-dividend date was Tuesday, May 16th. Gerdau’s dividend payout ratio is currently 41.19%.

Gerdau Company Profile

(Free Report)

Gerdau SA, together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, South America Business, and Special Steel Business divisions. The company 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.

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Institutional Ownership by Quarter for Gerdau (NYSE:GGB)

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