Gerdau S.A. (NYSE:GGB) Shares Purchased by BSW Wealth Partners

BSW Wealth Partners lifted its position in shares of Gerdau S.A. (NYSE:GGB) by 33.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,254 shares of the basic materials company’s stock after purchasing an additional 14,464 shares during the period. BSW Wealth Partners’ holdings in Gerdau were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GGB. Capital International Investors lifted its stake in shares of Gerdau by 0.4% in the first quarter. Capital International Investors now owns 92,086,997 shares of the basic materials company’s stock worth $407,025,000 after acquiring an additional 378,125 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gerdau by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,005,117 shares of the basic materials company’s stock valued at $52,825,000 after purchasing an additional 2,100,969 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Gerdau by 48.1% in the 2nd quarter. Acadian Asset Management LLC now owns 13,391,548 shares of the basic materials company’s stock valued at $44,181,000 after purchasing an additional 4,351,666 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Gerdau by 1,988.2% during the 2nd 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 last quarter. Finally, American Century Companies Inc. grew its position in shares of Gerdau by 27.9% during the second quarter. American Century Companies Inc. now owns 2,752,405 shares of the basic materials company’s stock worth $9,083,000 after buying an additional 599,700 shares in the last quarter. Institutional investors and hedge funds own 1.49% of the company’s stock.

Gerdau Trading Up 1.0 %

GGB opened at $3.11 on Tuesday. Gerdau S.A. has a 12-month low of $2.92 and a 12-month high of $4.21. 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 has a market capitalization of $6.56 billion, a PE ratio of 6.35 and a beta of 1.75. The firm’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.32.

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.