CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,080 shares of the construction company’s stock after purchasing an additional 8,795 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CEMEX were worth $170,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CX. Allworth Financial LP increased its stake in CEMEX by 36.0% during the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares during the last quarter. Barclays PLC lifted its position in shares of CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after buying an additional 1,843 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in shares of CEMEX by 3.6% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company’s stock valued at $463,000 after buying an additional 2,654 shares during the period. Private Advisor Group LLC grew its position in shares of CEMEX by 14.7% during the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock valued at $164,000 after buying an additional 3,441 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in CEMEX by 14.5% during the third quarter. Ballentine Partners LLC now owns 29,736 shares of the construction company’s stock worth $181,000 after acquiring an additional 3,777 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

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

CEMEX Stock Performance

Shares of CX stock opened at $6.64 on Friday. 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 debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 10.53 and a beta of 1.49. The business has a 50 day simple moving average of $5.78 and a 200 day simple moving average of $5.89.

CEMEX (NYSE:CX) last released its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.82% and a net margin of 5.70%. On average, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.76 EPS for the current year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is 9.52%.

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.