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

PDS Planning Inc reduced its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 14.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,655 shares of the construction company’s stock after selling 2,495 shares during the quarter. PDS Planning Inc’s holdings in CEMEX were worth $83,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after buying an additional 3,062 shares during the period. Barclays PLC grew its position in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,843 shares during the period. Aureus Asset Management LLC acquired a new stake in CEMEX during the third quarter worth $70,000. Envestnet Portfolio Solutions Inc. raised its position in CEMEX by 26.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock valued at $73,000 after purchasing an additional 2,720 shares during the period. Finally, Banco Santander S.A. purchased a new stake in CEMEX in the fourth quarter valued at $78,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

CEMEX Price Performance

CX stock opened at $6.11 on Thursday. The business’s fifty day moving average price is $6.10 and its 200 day moving average price is $5.88. CEMEX, S.A.B. de C.V. has a 12-month low of $5.00 and a 12-month high of $9.27. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $8.85 billion, a PE ratio of 9.69 and a beta of 1.45.

CEMEX (NYSE:CX) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 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.