CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 725,320 shares of the construction company’s stock after acquiring an additional 46,242 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of CEMEX worth $4,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of CEMEX during the 3rd quarter worth $190,346,000. Brandes Investment Partners LP raised its holdings in shares of CEMEX by 33.7% during the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company’s stock worth $136,679,000 after acquiring an additional 6,110,857 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in shares of CEMEX during the 4th quarter worth $86,056,000. JPMorgan Chase & Co. raised its holdings in CEMEX by 123.7% in the 3rd 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 period. Finally, RWC Asset Advisors US LLC raised its holdings 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 during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group boosted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, CEMEX has an average rating of “Hold” and an average price target of $7.82.

CEMEX Stock Performance

NYSE CX opened at $5.91 on Monday. The company has a market cap of $8.56 billion, a P/E ratio of 9.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The stock has a 50-day moving average of $6.11 and a two-hundred day moving average of $5.88. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27.

CEMEX (NYSE:CX) last released its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. As a group, analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio is currently 12.70%.

CEMEX 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.