Mitsubishi UFJ Trust & Banking Corp reduced its position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 449,638 shares of the construction company's stock after selling 104,049 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in CEMEX were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of CX. Brandes Investment Partners LP boosted its stake in shares of CEMEX by 33.7% in the 4th 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 purchased a new stake in shares of CEMEX in the 4th quarter worth about $86,056,000. JPMorgan Chase & Co. grew its stake 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 worth $88,093,000 after buying an additional 7,986,204 shares during the last quarter. RWC Asset Advisors US LLC lifted its stake in shares of CEMEX by 6.4% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company's stock worth $67,903,000 after buying an additional 719,735 shares in the last quarter. Finally, RWC Asset Management LLP raised its holdings in CEMEX by 46.1% in the 4th quarter. RWC Asset Management LLP now owns 5,862,677 shares of the construction company's stock worth $33,065,000 after acquiring an additional 1,848,597 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on CX shares. Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Royal Bank of Canada upped their price objective on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group increased 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.82.
Check Out Our Latest Report on CEMEX
CEMEX Trading Down 2.2 %
NYSE CX traded down $0.13 on Thursday, reaching $5.57. 26,679,414 shares of the company were exchanged, compared to its average volume of 9,823,526. The stock has a market capitalization of $8.06 billion, a P/E ratio of 8.83 and a beta of 1.28. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The business's fifty day moving average price is $6.18 and its 200 day moving average price is $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.
CEMEX (NYSE:CX - Get Free Report) last issued its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping 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%. Analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.
CEMEX Dividend Announcement
The firm also recently disclosed 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 of this dividend was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is 12.70%.
CEMEX Profile
(
Free Report)
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.
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