Capital International Inc. CA Decreases Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Capital International Inc. CA trimmed its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 14.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,882,309 shares of the construction company’s stock after selling 310,803 shares during the period. Capital International Inc. CA’s holdings in CEMEX were worth $16,960,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its position in CEMEX by 75.0% during the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after purchasing an additional 1,506 shares during the last quarter. Blue Trust Inc. lifted its position in CEMEX by 65.0% during the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock valued at $41,000 after purchasing an additional 2,062 shares during the last quarter. KCM Investment Advisors LLC bought a new position in CEMEX during the first quarter valued at $91,000. Fisher Asset Management LLC lifted its position in CEMEX by 3,180.2% during the fourth quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock valued at $85,000 after purchasing an additional 10,590 shares during the last quarter. Finally, Prudent Man Advisors LLC bought a new position in CEMEX during the fourth quarter valued at $86,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

CEMEX Trading Up 0.8 %

CX traded up $0.05 on Friday, reaching $6.42. 11,989,061 shares of the company traded hands, compared to its average volume of 7,121,742. CEMEX, S.A.B. de C.V. has a one year low of $5.67 and a one year high of $9.27. The firm has a fifty day simple moving average of $6.74 and a two-hundred day simple moving average of $7.65. The company has a market cap of $9.30 billion, a P/E ratio of 46.64 and a beta of 1.47. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The company had revenue of $4.14 billion during the quarter. During the same quarter in the previous year, the business earned $0.15 EPS. As a group, equities research analysts expect that CEMEX, S.A.B. de C.V. will post 0.85 earnings per share for the current year.

CEMEX Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a dividend of $0.349 per share. The ex-dividend date was Monday, June 17th. CEMEX’s payout ratio is 14.29%.

Analysts Set New Price Targets

Several equities analysts have commented on CX shares. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Wednesday, April 24th. The Goldman Sachs Group started coverage on shares of CEMEX in a report on Wednesday, July 10th. They issued a “buy” rating and a $9.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of CEMEX from $9.50 to $8.50 and set an “overweight” rating for the company in a report on Monday, July 8th. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 18th. Finally, Royal Bank of Canada started coverage on shares of CEMEX in a report on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.24.

CEMEX Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.