1,481,416 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,481,416 shares of the construction company's stock, valued at approximately $9,037,000. Public Employees Retirement System of Ohio owned about 0.10% of CEMEX at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CX. Ashton Thomas Private Wealth LLC purchased a new position in shares of CEMEX in the 2nd quarter worth $33,000. Allworth Financial LP lifted its holdings in CEMEX by 36.0% in the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company's stock valued at $40,000 after acquiring an additional 1,747 shares during the period. Aureus Asset Management LLC purchased a new position in CEMEX in the third quarter worth about $70,000. Vontobel Holding Ltd. bought a new stake in shares of CEMEX during the 3rd quarter valued at about $77,000. Finally, Thoroughbred Financial Services LLC bought a new position in shares of CEMEX in the 2nd quarter worth approximately $81,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CX shares. JPMorgan Chase & Co. cut CEMEX from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $7.00 to $6.00 in a report on Tuesday, October 29th. Royal Bank of Canada cut CEMEX from a "sector perform" rating to an "underperform" rating and lowered their price target for the stock from $6.00 to $5.00 in a report on Wednesday. Barclays lowered their target price on shares of CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. StockNews.com cut shares of CEMEX from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 11th. Finally, Scotiabank reduced their target price on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.65.

CEMEX Trading Up 0.2 %

Shares of NYSE:CX traded up $0.01 during trading on Friday, hitting $5.59. The company had a trading volume of 8,160,827 shares, compared to its average volume of 8,766,903. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 18.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The company has a fifty day simple moving average of $5.68 and a two-hundred day simple moving average of $6.14. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.0207 per share. The ex-dividend date is Tuesday, December 10th. CEMEX's dividend payout ratio (DPR) is 20.00%.

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.