CEMEX, S.A.B. de C.V. (NYSE:CX) Stock Position Reduced by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,282,011 shares of the construction company's stock after selling 115,966 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.36% of CEMEX worth $29,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in CEMEX during the third quarter worth $190,346,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of CEMEX during the 4th quarter worth about $86,056,000. JPMorgan Chase & Co. lifted its position in CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock valued at $88,093,000 after buying an additional 7,986,204 shares during the last quarter. Brandes Investment Partners LP lifted its position 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 valued at $136,679,000 after buying an additional 6,110,857 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in CEMEX by 166.9% during the third quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company's stock worth $24,873,000 after buying an additional 2,549,852 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CX. Royal Bank of Canada raised 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. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, CEMEX currently has a consensus rating of "Hold" and an average price target of $7.82.

CEMEX Stock Up 0.6 %

NYSE:CX traded up $0.03 on Tuesday, reaching $5.64. The stock had a trading volume of 4,001,152 shares, compared to its average volume of 9,751,110. The company has a 50-day moving average of $6.17 and a 200 day moving average of $5.89. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market cap of $8.18 billion, a P/E ratio of 8.94 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a 12-month low of $5.00 and a 12-month high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last announced its earnings results 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 return on equity of 7.78% and a net margin of 5.70%. On average, research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders 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 12.70%.

CEMEX Company 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.