CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by Perpetual Ltd

Perpetual Ltd lessened its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,378,647 shares of the construction company’s stock after selling 635,993 shares during the period. Perpetual Ltd’s holdings in CEMEX were worth $52,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in CEMEX by 36.0% during the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after buying an additional 1,747 shares during the last quarter. Barclays PLC raised its holdings in CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in CEMEX by 3.6% during the third quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company’s stock worth $463,000 after purchasing an additional 2,654 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in CEMEX by 13.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 26,200 shares of the construction company’s stock valued at $167,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in CEMEX by 14.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock valued at $164,000 after purchasing an additional 3,441 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CEMEX Stock Performance

NYSE CX opened at $5.36 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $7.76 billion, a PE ratio of 17.85 and a beta of 1.49. The business’s 50-day moving average price is $5.58 and its 200 day moving average price is $5.93. CEMEX, S.A.B. de C.V. has a twelve month low of $5.00 and a twelve month high of $9.27.

CEMEX Dividend Announcement

The business also recently announced 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 is presently 20.00%.

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.