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

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

A number of other institutional investors have also modified their holdings of CX. Schroder Investment Management Group grew its holdings 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 worth $150,809,000 after acquiring an additional 23,576,914 shares during the period. Brandes Investment Partners LP lifted its holdings in shares of CEMEX by 33.7% in the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock valued at $136,679,000 after purchasing an additional 6,110,857 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of CEMEX in the fourth quarter valued at approximately $86,056,000. JPMorgan Chase & Co. raised its position in shares of CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock worth $88,093,000 after purchasing an additional 7,986,204 shares during the last quarter. Finally, RWC Asset Advisors US LLC lifted its stake in 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 buying an additional 719,735 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

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

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CEMEX Trading Down 0.5 %

Shares of CX stock traded down $0.03 during mid-day trading on Monday, reaching $5.12. The company's stock had a trading volume of 6,013,601 shares, compared to its average volume of 9,981,136. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.41 billion, a PE ratio of 8.13 and a beta of 1.28. The company's 50 day simple moving average is $6.16 and its 200-day simple moving average is $5.87. CEMEX, S.A.B. de C.V. has a 12-month low of $4.93 and a 12-month high of $9.00.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (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 fiscal year.

CEMEX Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is currently 12.70%.

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.