Cemex S.A.B. de C.V. $CX Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Cemex S.A.B. de C.V. by 11.3%, now holding 235,569 shares worth approximately $1.32 million.
• Recent analyst ratings for Cemex show a mix of upgrades and downgrades, with a consensus rating of "Hold" and a target price of $8.53.
• Cemex reported an EPS of $0.23 for the last quarter, exceeding expectations, while also declaring a quarterly dividend of $0.0224 per share.

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,569 shares of the construction company's stock after selling 30,057 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Cemex were worth $1,322,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Cemex by 7.4% in the first quarter. Allworth Financial LP now owns 27,651 shares of the construction company's stock valued at $157,000 after buying an additional 1,906 shares during the last quarter. Natixis Advisors LLC boosted its position in Cemex by 0.6% in the first quarter. Natixis Advisors LLC now owns 360,898 shares of the construction company's stock valued at $2,025,000 after buying an additional 2,122 shares during the last quarter. Cetera Investment Advisers boosted its position in Cemex by 8.4% in the fourth quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company's stock valued at $179,000 after buying an additional 2,452 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Cemex by 21.0% in the first quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company's stock valued at $81,000 after buying an additional 2,505 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in Cemex by 3.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 77,957 shares of the construction company's stock valued at $437,000 after buying an additional 2,570 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CX. Wall Street Zen upgraded Cemex from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Scotiabank reiterated an "outperform" rating on shares of Cemex in a research report on Tuesday. JPMorgan Chase & Co. upgraded Cemex from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $8.10 to $10.50 in a research report on Tuesday, August 26th. Itau BBA Securities cut shares of Cemex from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 3rd. Finally, Bank of America boosted their target price on shares of Cemex from $8.60 to $10.00 and gave the company a "neutral" rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Cemex presently has a consensus rating of "Hold" and an average price target of $9.02.

Cemex Price Performance

Shares of NYSE:CX traded up $0.09 during midday trading on Thursday, reaching $9.25. 10,293,546 shares of the company's stock traded hands, compared to its average volume of 11,088,914. Cemex S.A.B. de C.V. has a 1 year low of $4.89 and a 1 year high of $9.27. The company has a market cap of $13.40 billion, a P/E ratio of 9.06, a PEG ratio of 0.96 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.86. The company has a fifty day simple moving average of $8.19 and a two-hundred day simple moving average of $6.92.

Cemex (NYSE:CX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Cemex had a return on equity of 6.89% and a net margin of 9.61%.The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.20 billion. Equities analysts predict that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0224 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.0%. Cemex's dividend payout ratio (DPR) is 7.84%.

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.