Barclays PLC Increases Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Barclays PLC boosted its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 41.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,249 shares of the construction company’s stock after buying an additional 1,843 shares during the quarter. Barclays PLC’s holdings in CEMEX were worth $38,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of CEMEX during the third quarter valued at approximately $190,346,000. BNP Paribas Financial Markets grew its stake in CEMEX by 166.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock valued at $24,873,000 after purchasing an additional 2,549,852 shares during the period. Loomis Sayles & Co. L P increased its position in shares of CEMEX by 63.2% during 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. Carrhae Capital LLP bought a new stake in shares of CEMEX during the 3rd quarter worth $11,374,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of CEMEX in the 3rd quarter worth about $9,037,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays decreased their price objective on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Scotiabank decreased their price target on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada downgraded CEMEX from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $6.00 to $5.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. 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 company. Based on data from MarketBeat.com, CEMEX presently has an average rating of “Hold” and an average target price of $7.65.

CEMEX Stock Up 3.6 %

CEMEX stock opened at $5.98 on Friday. The firm has a 50 day simple moving average of $5.61 and a 200 day simple moving average of $5.92. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 19.92 and a beta of 1.49.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were paid a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s payout ratio is 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.