CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,256 shares of the construction company’s stock after selling 20,957 shares during the quarter. Blue Trust Inc.’s holdings in CEMEX were worth $126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CEMEX in the third quarter valued at approximately $190,346,000. JPMorgan Chase & Co. lifted 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 valued at $88,093,000 after purchasing an additional 7,986,204 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of 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 purchasing an additional 807,394 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of CEMEX by 63.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock valued at $32,927,000 after purchasing an additional 2,090,688 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in CEMEX by 166.9% in the third quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock valued at $24,873,000 after buying an additional 2,549,852 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Price Performance

CEMEX stock opened at $6.54 on Friday. The firm has a market cap of $9.47 billion, a PE ratio of 10.37 and a beta of 1.49. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $5.92 and its two-hundred day moving average is $5.91.

CEMEX (NYSE:CX) last issued 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 net margin of 5.70% and a return on equity of 7.78%. On average, research analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a $0.0207 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio is presently 9.52%.

Analyst Ratings Changes

A number of research analysts have commented on CX shares. Scotiabank decreased their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. cut CEMEX from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $6.00 in a research note on Tuesday, October 29th. Barclays decreased their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada increased their target price on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.82.

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.