Natixis Advisors LLC Increases Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Natixis Advisors LLC boosted its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 315,687 shares of the construction company’s stock after buying an additional 42,056 shares during the period. Natixis Advisors LLC’s holdings in CEMEX were worth $1,926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CX. Vanguard Group Inc. boosted its position in shares of CEMEX by 4.1% during the first quarter. Vanguard Group Inc. now owns 3,757,831 shares of the construction company’s stock valued at $33,858,000 after buying an additional 146,327 shares during the period. Pacer Advisors Inc. bought a new stake in shares of CEMEX during the 2nd quarter worth approximately $776,000. GFS Advisors LLC boosted its holdings in CEMEX by 1,505.0% during the 3rd quarter. GFS Advisors LLC now owns 166,427 shares of the construction company’s stock valued at $1,015,000 after acquiring an additional 156,058 shares during the period. Robeco Institutional Asset Management B.V. grew its position in CEMEX by 8.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock valued at $60,327,000 after acquiring an additional 807,394 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in CEMEX by 28.4% in the 2nd quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company’s stock valued at $121,113,000 after acquiring an additional 4,217,562 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Trading Up 4.7 %

NYSE:CX opened at $5.76 on Tuesday. The firm has a 50-day simple moving average of $5.83 and a 200-day simple moving average of $6.33. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The firm has a market cap of $8.35 billion, a P/E ratio of 19.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98.

CEMEX Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were paid a $0.021 dividend. This represents a yield of 0.7%. The ex-dividend date was Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is 13.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CX. Scotiabank lowered their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research note on Tuesday, October 29th. StockNews.com cut shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. Royal Bank of Canada reduced their target price on shares of CEMEX from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 29th. Barclays lowered their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $6.00 in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.82.

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.