State Street Corp Has $10.43 Million Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

State Street Corp lessened its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,709,843 shares of the construction company’s stock after selling 70,418 shares during the period. State Street Corp owned 0.12% of CEMEX worth $10,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CEMEX in the 3rd quarter valued at $190,346,000. AQR Capital Management LLC increased its position in shares of CEMEX by 28.4% in the second quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company’s stock worth $121,113,000 after purchasing an additional 4,217,562 shares during the period. RWC Asset Advisors US LLC lifted its holdings in shares of CEMEX by 32.3% during the 2nd quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company’s stock worth $99,398,000 after acquiring an additional 3,796,262 shares during the period. BNP Paribas Financial Markets increased its stake in shares of CEMEX by 166.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock valued at $24,873,000 after purchasing an additional 2,549,852 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in CEMEX by 63.2% in the third quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock valued at $32,927,000 after acquiring an additional 2,090,688 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

CEMEX Stock Performance

CEMEX stock opened at $5.70 on Friday. The firm’s 50 day simple moving average is $5.61 and its 200 day simple moving average is $6.04. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27. The firm has a market capitalization of $8.26 billion, a PE ratio of 19.00 and a beta of 1.50.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is 20.00%.

Analyst Ratings Changes

CX has been the topic of a number of analyst reports. Royal Bank of Canada lowered shares of CEMEX from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from $6.00 to $5.00 in a research note on Wednesday, December 11th. Barclays dropped their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut CEMEX from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. StockNews.com downgraded shares of CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. Finally, Scotiabank cut their price target on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.65.

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.