Aprio Wealth Management LLC Has $67,000 Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Aprio Wealth Management LLC reduced its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 16.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,024 shares of the construction company’s stock after selling 2,151 shares during the period. Aprio Wealth Management LLC’s holdings in CEMEX were worth $67,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. lifted its stake in shares of CEMEX by 23.1% in the 4th quarter. 1832 Asset Management L.P. now owns 19,730 shares of the construction company’s stock valued at $153,000 after purchasing an additional 3,700 shares during the period. Dodge & Cox lifted its stake in CEMEX by 22.9% in the fourth quarter. Dodge & Cox now owns 610,200 shares of the construction company’s stock valued at $4,729,000 after buying an additional 113,700 shares during the period. Goldman Sachs Group Inc. boosted its holdings in CEMEX by 5.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,828,391 shares of the construction company’s stock worth $21,920,000 after buying an additional 137,306 shares during the last quarter. Wellington Management Group LLP grew its position in shares of CEMEX by 76.4% during the 4th quarter. Wellington Management Group LLP now owns 444,262 shares of the construction company’s stock worth $3,443,000 after buying an additional 192,399 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of CEMEX by 3,180.2% during the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock worth $85,000 after buying an additional 10,590 shares during the period. 82.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

CX has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on shares of CEMEX in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 price objective on the stock. Barclays raised shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of CEMEX from an “underperform” rating to a “sector perform” rating and lowered their price objective for the company from $9.00 to $6.50 in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $8.00 price objective on shares of CEMEX in a research note on Wednesday, August 21st. Finally, StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.28.

CEMEX Trading Up 3.6 %

Shares of NYSE:CX opened at $6.09 on Wednesday. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 43.50 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a 12 month low of $5.50 and a 12 month high of $9.27. The company’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $6.98. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53.

CEMEX (NYSE:CX) last released its earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $4.49 billion during the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. As a group, research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.82 EPS for the current fiscal year.

CEMEX Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Shareholders 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 payout ratio is 28.57%.

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.