B. Metzler seel. Sohn & Co. AG Takes Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

B. Metzler seel. Sohn & Co. AG bought a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 265,626 shares of the construction company’s stock, valued at approximately $1,498,000.

Other hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its stake in shares of CEMEX by 745.6% in the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock valued at $150,809,000 after buying an additional 23,576,914 shares during the period. Brandes Investment Partners LP lifted its stake in CEMEX by 33.7% in the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company’s stock worth $136,679,000 after acquiring an additional 6,110,857 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in CEMEX during the 4th quarter worth approximately $86,056,000. JPMorgan Chase & Co. increased its position in shares of CEMEX by 123.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after purchasing an additional 7,986,204 shares during the last quarter. Finally, RWC Asset Advisors US LLC raised its holdings in shares of CEMEX by 6.4% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company’s stock valued at $67,903,000 after purchasing an additional 719,735 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Trading Down 0.4 %

CX opened at $5.68 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a 52 week low of $5.00 and a 52 week high of $9.27. The business’s 50 day moving average is $6.18 and its two-hundred day moving average is $5.89. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 9.02 and a beta of 1.28.

CEMEX (NYSE:CX) last announced its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is currently 12.70%.

Analyst Ratings Changes

A number of equities analysts recently commented on CX shares. The Goldman Sachs Group boosted their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada increased their price objective on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Finally, Morgan Stanley cut CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.82.

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.