RWC Asset Advisors US LLC Increases Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

RWC Asset Advisors US LLC boosted its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,039,601 shares of the construction company’s stock after buying an additional 719,735 shares during the quarter. CEMEX accounts for approximately 13.5% of RWC Asset Advisors US LLC’s holdings, making the stock its 3rd biggest position. RWC Asset Advisors US LLC owned approximately 0.83% of CEMEX worth $67,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CX. Barclays PLC grew its stake in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares during the period. Allworth Financial LP boosted its holdings in shares of CEMEX by 36.0% in the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after buying an additional 1,747 shares during the last quarter. Aureus Asset Management LLC bought a new stake in CEMEX during the third quarter valued at approximately $70,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in CEMEX during the third quarter valued at approximately $87,000. Finally, Orion Portfolio Solutions LLC raised its position in CEMEX by 39.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company’s stock worth $92,000 after acquiring an additional 4,306 shares during the period. Institutional investors own 82.97% of the company’s stock.

CEMEX Trading Down 2.6 %

CX stock opened at $6.54 on Monday. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 10.37 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27. The business has a 50 day simple moving average of $5.92 and a two-hundred day simple moving average of $5.91.

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

CEMEX Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio is currently 9.52%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays reduced their price objective on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada upped their price target on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Scotiabank lowered their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered shares of CEMEX from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $6.00 in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.82.

About CEMEX

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.